A Final Thought About 2010
It was a crazy year in the market. We wound up being up on the year. At the same time, the dollar was higher on the year. Before anyone gets too optimistic, half of the gain in 2010 happened in December.
Over the course of the year, we had the flash crash, several European melt downs, and the election. Once it became apparent that Republicans, and more specifically Tea Party Republicans, were going to control the House, the market firmed and then rallied.
Another interesting thing to look at, despite central bankers efforts, their ability to move markets is limited. The Japanese Central Bank tried to devalue the Yen in May, but it didn’t happen. The Yen got stronger. The US Federal Reserve tried its QE2 program, and interest rates rose along with strength in the dollar.
Markets are smarter than any one entity or individual.
We received the meaningless Dodd-Frank bill this year. It remains to be seen how regulators fill in the blanks, but the new law gives them plenty of virgin territory to plow. The way they use this virgin territory could create more imbalances and excesses than any market action. Markets respond to incentives. I am not hopeful that our regulators know how to set those incentives up to create the best market for everyone. As Barry Ritholtz said at The Reformed Broker’s blog today, “despite all of the talk about Democratization of investing, Wall Street primarily serves only the very wealthiest Americans. And that is a shame.”
Have a Happy New Year. Godspeed to you and your family.
Read more at Points and Figures
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).