The last time Bullard made unscheduled comments during a market crash, was last October when he hinted at QE4 and the market went vertical. Moments ago the St. Louis Fed president once again was quoted by Bloomberg, this time speaking on SiriusXM of all places, although much to the chagrin of Pavlov's BTFDers, he had absolutely no soothing words for what is a week the permabulls would love to forget.
- ST. LOUIS FED'S BULLARD SPEAKS ON SIRIUSXM BUSINESS RADIO
- BULLARD SAYS MORE SANGUINE THAN MARKET ON GLOBAL OUTLOOK, CHINA
- BULLARD: FED WILL ASSESS ECONOMIC PROGRESS AT SEPT. FOMC
- BULLARD: LOT OF GOOD THINGS HAVE HAPPENED IN U.S. LABOR MARKET
- BULLARD: WE'RE IN VERY GOOD SHAPE WITH RESPECT TO LABOR MARKET
- BULLARD SAYS HE SEES U.S. JOBLESS RATE DECLINING FURTHER
The funniest line by far:
- BULLARD SAYS FED DOESN'T REACT DIRECTLY TO EQUITY MARKETS
Yeah, we are still laughing at that one... But worst of all for the 17 year old hedge fund managers:
- FED'S BULLARD SAYS U.S. GROWTH OUTLOOK IS "RELATIVELY GOOD"
Which is horrible news for those begging for QE4 yesterday.
Oh well - if the Fed won't prevent a 10% correction, check back when we are approacing an S&P bear market.
