Whim, caprice and vagary…

Posted on Sep 24, 2013 by in Letters

 

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864

Whim, caprice and vagary -- the three horsemen of the Apocalypse, riding roughshod over the market.  And over Washington.  Barely had the market luxuriated in the shower of Helicopter Ben's  cash  than the market goblin whispered in traders' ears "Don't forget about the budget crisis... and the debt ceiling crisis... and Ted Cruz and Rand Paul....and the government shutdown...and..."

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