Friday Humor: Why The Market Is Down, Or "A Hard Day At The Fed"
It's AAPL? It's GDP? It's Europe? It's the fiscal cliff? The real answer to why the market/AAPL is down today is clearly laid out in the table below. A stunning 30 of the 40 Fed employees on Bloomberg (that's 75% for the Keynesians) is red - or out of the office today. The PPT is OOTO! Good to know all that taxpayer money covering these terminals is going to good use! Also keep an eye on Kevin Henry's dot turning yellow from green and vice versa. The NY Fed trader's presence, or absence, at his desk may be the only risk on/risk off signal left in today's market.