Thanks to the following deep thought:
- BULLARD: HAVE TO HIT A BOTTOM ON OIL PRICES 'SOMETIME'
- BULLARD: WATER IS WET, SKY IS BLUE (just kidding)
... Oil prices are surging and that means buying panics unleashed in stocks...
[2]
This oil move has ripped The Dow 300 points higher:
[3]
Even as the Fed is folding, and exposing a lack of credibility and crushing the growth hope meme:
- BULLARD: QUITE BIT OF CORRELATION IN OTHER COMMOD, OIL PRICES
- BULLARD: MKTS TAKEN BY SURPRISE BY SPEED OF OIL PRICE DECLINES
- BULLARD: WOULDN'T EXPECT A LOT OF APPRECIATION IN US$ THIS YR
- BULLARD: ECB'S QE CAUSED LARGE MOVEMENTS IN '14 EXCH RATES
- BULLARD: US$ 'VERY SENSITIVE' TO MON POLICY IN OTHER ECONOMIES
And stocks love it because it means that credibility aside, more easing may be coming.
[4]
Here's the real reason we ramped... (and why it's likely to stall)
[5]
