Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
The reaction in the market is now predictable. Swan dive.
EDIT 12:10 PM – then Reid comes out 15 minutes later and says hey why is everyone sweating and market jumps back up 5 points. Thankfully we’re not a circus or anything. Why must these day to day press conferences happen? Just go into your room and do whatever you do – make a comment when it’s done.
Disclosure Notice
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog