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Stock Market Shangri-La

Stock Market Sept 2013by MN Gordon Economic Prism

The big news early in the week was that Larry Summers – the man so smart he lost hot breakfasts for Harvard and $2 billion of the university’s operating funds – withdrew his name from consideration for the next Federal Reserve Chairman.  The stock market loved the news.  The S&P 500 jumped a combined 13 points on Monday and Tuesday.

By Wednesday the relief of not having Summers tinkering around with monetary policy had been cast aside.  All eyes were recalibrated on current Federal Reserve Chairman Ben Bernanke, and his forthcoming (Read More....)

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