Thoughts {03.12.15}

-Happy Birthday Mrs. E.!

-The S&P 500 is now negative for the year.  It is up slightly more than 3.5% since the end of 2014's second quarter.  Volatility, however, has increased with six declines of nearly 5%.  We also may be working on a 7th decline of that magnitude right now.  Markets are becoming more oversold short-term, but not quite to a level yet where they have historically bounced by our work.

-The investment world seems to be waking up to how dependent the entire world has become to low US interest rates.  See here and here.

-In think we are going to hear more about the rough winter weather as a drag on the economy in the coming weeks.  It will be a good excuse for companies to explain away softer sales and lower earnings projections going forward.

Back Monday