By Susan C. Walker, Elliott Wave InternationalNovember 12, 2007 When you’re caught in the middle of a bad storm, you don’t really care whether it’s a tropical depression or a full-strength hurricane. You just know you’re hanging on for dear life. The same idea applies to financial markets. When a market is trending up strongly, it’s hard to tell whether it’s just a bull market or a more dangerous financial mania.The recent tremendous ride up for global and U.S. financial markets, including the Dow, looks and feels more like a [...]
Posts Tagged ‘Elliott Wave International’
How To Recognize a Financial Mania When You’re Smack Dab in the Middle of One
Why the Fed is Such a Lousy Wizard of Oz
Interesting article by Susan C. Walker – check it out! By Susan C. Walker, Elliott Wave InternationalSeptember 7, 2007 Central bankers who “follow the yellow brick road” end up in Jackson Hole, Wyoming, every Labor Day weekend for their annual symposium sponsored by – who else? – the Kansas City Fed. (Who can forget Judy Garland saying to her little dog, “Toto, I’ve got a feeling we’re not in Kansas anymore,” in the 1939 movie, The Wizard of Oz?) The Jackson Hole Resort serves as the Federal Reserve’s equivalent of [...]
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