Yeaup. I mentioned some time ago - inflation is the beast that the market was ignoring, as we had our seasonal March to May rally. Now we're dealing with it. Bernake is regretting those interest rate cuts - as they translated into higher inflation.
Where will it end? Well, I never try to predict the market's moves. I usually take my position, and then all my positioning and moves are made for money management reasons, rather than reasons based on what I think '
might' happen tomorrow.
That 'might' stuff is enough to drive ya insane.
