Glanced at Bloomberg minute ago with volume off. Can’t stand the wall-to-wall ... politics, conspiracy, politics, conspiracy, politics, conspiracy ... crap any longer. Not that I don’t care. I’m voting with my wallet now and will be there at 8 AM election day.
Back to investing, what caused everything to jump around noon? Oil bounced up 4%. Gold +$15. Dow +600 points. Did one of the Fed members mention another transfusion of money printing or maybe buying more sub investment grade paper? Or maybe investing in equities? (I think they will eventually.) Or maybe Nancy and Mitch has lunch together and consumed too much alcohol?
The FVP people at the various fund houses will have a good time today if this rally holds. Asia was down sharply overnight.