Showing posts with label NASDAQ. Show all posts
Showing posts with label NASDAQ. Show all posts

Thursday, January 30, 2014

Wall Street's Hissy Fit

(Photo/InvestWithAlex.com)

Yesterday the markets dropped; they had a hissy fit
When Bernanke said the Fed would taper back a bit.
Wall St. knew that this was coming; there weren't any shocks...
Doesn't mean they have to like it - hence, the falling stocks.

Ben Bernanke quit his job as Chairman of the Fed;
Monday morning Janet Yellen will be there instead.
Tapering is likely to continue under her.
(Thanks to Ben Bernanke, we're much better than we were.)

Now that the economy is chugging right along,
Giving indications the recovery is strong,
Wall St. needs to come to grips; they need to do it now...
Not take out their anger on the NASDAQ or the Dow.

Tuesday, December 04, 2012

The 112th Congress - Making Sausage

Cartoon by Christopher Weyant of The Hill and The New Yorker

Politicking, posturing - they pander to the press.
Every day the two sides drifting further from success.
Racing towards the fiscal cliff like lemmings to the sea,
Leaving me concerned we've got a broken polity.

Maybe this is sausage making and I shouldn't look;
Simply close my eyes and hope that I can trust the cook.
Even should I choose that course, I fear the markets won't.
I may trust the government; the Dow and NASDAQ don't.

They don't think that, privately, there's progress being made
As their hopes that we'll avoid the cliff begin to fade.
Congress may  produce a tasty sausage we can try,
But it looks like not before we see pigs learn to fly.