On October 23rd 1929 JP Morgan attempted to end the route in stocks.
He walked onto the Floor of the NYSE and bid $205.00 per share of 10,000 shares of X (U.S.Steel). But the market didn't care, and continued lower.
That's kind of what it did to Jerome this morning. Last night he bid 0% interest rates and 700 Billion in quantitative easing, and the market sighed, and went lower....
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
