Paul Meisel

There's Just No Need For A Fed Cut

I think the fed funds rate has minimal connection to a bailout. When the T-bills are a point cheaper than the funds rate, the market is telling you that money doesn't need to be that expensive.

Headed For a Normal 20-30% Correction

It would appear to me that the weaker financials, builders, etc. are probably still in trouble, while the higher quality issues get punished along side them because of the trading dynamics of ETFs, mutual funds, and hedge funds. It would also appear to me that the amount of "mandatory invested financial wealth" in retirement holdings and pension funds, etc., put a floor underneath the market that may prevent declines as deep (in P/E, yield, and other value measures) as deeply as we incurred in the past. Of course the same pressure has increased the upward push on those measures, so overall market declines, peak to valley, may be just as large.

The past is meaningful because it provides clues.... including the clue that it sometimes takes awhile for relative quality in the same industries and sectors to show.

Rising Treasury Yields: Sign to Sell Equities?

Good article... bad headline. "not chasing" is not equal to "sell?"