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(RealClear)   Today marks the first day a woman is sworn in as Fed chair. Tomorrow marks the first day a woman is sworn at as Fed chair   (realclear.com) divider line 38
    More: Interesting, Janet Yellen, Federal Reserve, StockScouter, Morningstar, Inc., Federal Reserve Chairman Ben Bernanke  
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1855 clicks; posted to Business » on 03 Feb 2014 at 1:57 PM (30 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



38 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2014-02-03 01:22:38 PM
Clearly the internet works faster than that.  I give it, retroactively starting 5 years ago.
 
2014-02-03 01:26:15 PM
I'm reasonably certain that will be today, too
 
2014-02-03 01:59:52 PM
If she sees her shadow, it means six more weeks of taper.
 
2014-02-03 02:02:19 PM
i.imgur.com

You're all thinking it.  Admit it.
 
2014-02-03 02:03:07 PM
In with the next, same as the rest.
 
2014-02-03 02:08:47 PM
Nice.  HOTW contender.
 
2014-02-03 02:09:33 PM

AngryDragon: [i.imgur.com image 342x220]

You're all thinking it.  Admit it.


I saw a commercial on tv that said gold has always been a safe investment and everybody is doing it and I should too by buying these awesome at cost US issue gold coins.
 
2014-02-03 02:10:20 PM

AngryDragon: [i.imgur.com image 342x220]

You're all thinking it.  Admit it.


OTOH, sammich futures are on the rise.
 
2014-02-03 02:13:47 PM
Take away her credit cards.
 
2014-02-03 02:17:09 PM

AngryDragon: [i.imgur.com image 342x220]

You're all thinking it.  Admit it.


I'm thinking I'm glad I sold all but my gun stocks a while back.  OK so I could have made an extra couple hundred bucks if I had held on a bit longer but my money isn't going tits up.  Here's to hoping for a 10,000 point drop by summer and then buy faster than Mortimer can sell
 
2014-02-03 02:39:35 PM

AngryDragon: [i.imgur.com image 342x220]

You're all thinking it.  Admit it.


Well... sure.

Janet Yellen: first woman appointed as Fed chair
Christine Lagarde: first woman appointed as head of the IMF

"They" know the crash is coming; they've got two broads and an attractive and successful African-American US President set up to take the blame.

/booga booga!
 
2014-02-03 02:41:18 PM
There's just one problem with that analysis: Since our little correction started, the S&P is off 5% from its highs, but names like RGR and SWHC are both off 15%.

Right now, we're seeing money taken off the table and put into Treasurys, an entirely sensible short-term move given the interest rate/political/economic goofiness we've seen everywhere from Turkey to Ukraine to Japan, and what looks to be another round of Debt Ceiling Chicken for the rest of the month. There'll be bargains eventually, but this might be another good week for lying down and avoiding.

Over the long term, I expect the Yellen Fed to be about as dovish as Bernanke was: print enough to stave off deflation, not enough to fuel a bubble, and keep the party rolling for another round of drinks.
 
2014-02-03 02:41:42 PM

Smeggy Smurf: AngryDragon: [i.imgur.com image 342x220]

You're all thinking it.  Admit it.

I'm thinking I'm glad I sold all but my gun stocks a while back.  OK so I could have made an extra couple hundred bucks if I had held on a bit longer but my money isn't going tits up.  Here's to hoping for a 10,000 point drop by summer and then buy faster than Mortimer can sell


Why not just short them?
 
2014-02-03 02:46:27 PM
This marks the first time ever that our Fed Chairman legitimately has no dick. Good for us.

So, when are we gonna celebrate our first mullato Fed Chairman? Or our first openly bisexual Fed Chairman? Or first Self-Diagnosed Asperger's Syndromite Fed Chairman? Or the first Half-Groundhog Fed Chairman? Or are those too patronizing?
 
2014-02-03 02:49:17 PM
I'm thinking I'm glad I sold all but my gun stocks a while back.  OK so I could have made an extra couple hundred bucks if I had held on a bit longer but my money isn't going tits up.  Here's to hoping for a 10,000 point drop by summer and then buy faster than Mortimer can sell

Everybody *says* they're going to do that, but have you done it?   Out of curiosity, what did you do in 2008, when the sh*t hit the fan?

I kept a diary of my transactions, as well as my state of mind and predictions at the time.  Buying equities in the darkest days of the crisis felt terrible - I felt like I was throwing money down a rat hole, but I stuck to my investment plan (which I'd written down to keep myself honest) and kept buying.  The market continued to tank, I felt like throwing up, and dutifully bought more.

Now those stock purchases seem really smart in hindsight.  If it weren't for my diary, I'm pretty sure I could convince myself that I bought confidently, with full assurance of the wisdom of my plan.  But I clearly wasn't brave or foresighted, based upon my diary entries.  If I hadn't put my plan in writing and resolved to stick with it, I would likely have stayed in cash.

Conversely, I had to rebalance recently, and it sure feels stupid to be buying bonds right now.  But that's the plan, I'm sticking with it.  (Average duration of the bond portfolio is about 7 years - I'm not *that* crazy)
 
2014-02-03 03:00:21 PM
img.fark.net
 
2014-02-03 03:00:32 PM

Nurglitch: Smeggy Smurf: AngryDragon: [i.imgur.com image 342x220]

You're all thinking it.  Admit it.

I'm thinking I'm glad I sold all but my gun stocks a while back.  OK so I could have made an extra couple hundred bucks if I had held on a bit longer but my money isn't going tits up.  Here's to hoping for a 10,000 point drop by summer and then buy faster than Mortimer can sell

Why not just short them?


Because I'm not stupid enough to take unnecessary risks while the country is lead by a fascist
 
2014-02-03 03:05:57 PM

rjakobi: This marks the first time ever that our Fed Chairman legitimately has no dick. Good for us.

So, when are we gonna celebrate our first mullato Fed Chairman? Or our first openly bisexual Fed Chairman? Or first Self-Diagnosed Asperger's Syndromite Fed Chairman? Or the first Half-Groundhog Fed Chairman? Or are those too patronizing?


I'm looking forward to the day when we don't care anymore and can focus on something else.
 
2014-02-03 03:15:17 PM

Parthenogenetic: I'm thinking I'm glad I sold all but my gun stocks a while back.  OK so I could have made an extra couple hundred bucks if I had held on a bit longer but my money isn't going tits up.  Here's to hoping for a 10,000 point drop by summer and then buy faster than Mortimer can sell

Everybody *says* they're going to do that, but have you done it?   Out of curiosity, what did you do in 2008, when the sh*t hit the fan?

I kept a diary of my transactions, as well as my state of mind and predictions at the time.  Buying equities in the darkest days of the crisis felt terrible - I felt like I was throwing money down a rat hole, but I stuck to my investment plan (which I'd written down to keep myself honest) and kept buying.  The market continued to tank, I felt like throwing up, and dutifully bought more.

Now those stock purchases seem really smart in hindsight.  If it weren't for my diary, I'm pretty sure I could convince myself that I bought confidently, with full assurance of the wisdom of my plan.  But I clearly wasn't brave or foresighted, based upon my diary entries.  If I hadn't put my plan in writing and resolved to stick with it, I would likely have stayed in cash.

Conversely, I had to rebalance recently, and it sure feels stupid to be buying bonds right now.  But that's the plan, I'm sticking with it.  (Average duration of the bond portfolio is about 7 years - I'm not *that* crazy)


I am thinking of moving my rollover IRA to a bond fund for a few months. Right now I have it in aggressive funds, and that isn't going too well lately.
 
2014-02-03 03:27:12 PM
Stock market down over 300. This is working out well.
 
2014-02-03 03:38:33 PM

Pick: Stock market down over 300. This is working out well.


Didn't the market tank when Bernanke was put in too? Uncertainty, no matter who's at the helm, plays badly in the market.
 
2014-02-03 04:00:02 PM

Smeggy Smurf: AngryDragon: [i.imgur.com image 342x220]

You're all thinking it.  Admit it.

I'm thinking I'm glad I sold all but my gun stocks a while back.  OK so I could have made an extra couple hundred bucks if I had held on a bit longer but my money isn't going tits up.  Here's to hoping for a 10,000 point drop by summer and then buy faster than Mortimer can sell


This Xs 1000.  I bought SWHC at around $2.00 at the height of the recession and then sold it in the 8's a little over a year ago.  I've felt like crap watching it climb the past year, but am glad now that I took some money off of the table.

/Can't wait to get back in!
 
2014-02-03 04:17:56 PM

AngryDragon: rjakobi: This marks the first time ever that our Fed Chairman legitimately has no dick. Good for us.

So, when are we gonna celebrate our first mullato Fed Chairman? Or our first openly bisexual Fed Chairman? Or first Self-Diagnosed Asperger's Syndromite Fed Chairman? Or the first Half-Groundhog Fed Chairman? Or are those too patronizing?

I'm looking forward to the day when we don't care anymore and can focus on something else.


For that something else, I suggest competence.
 
2014-02-03 04:40:37 PM
Two days from now the NYT will have an editorial about how all criticism directed at her is only due to sexism.
 
2014-02-03 04:54:20 PM

Peki: Pick: Stock market down over 300. This is working out well.

Didn't the market tank when Bernanke was put in too? Uncertainty, no matter who's at the helm, plays badly in the market.


They have known that she would be the Chair for what two or three months now. How uncertain could they be by this point?
 
2014-02-03 05:13:54 PM

Parthenogenetic: I'm thinking I'm glad I sold all but my gun stocks a while back.  OK so I could have made an extra couple hundred bucks if I had held on a bit longer but my money isn't going tits up.  Here's to hoping for a 10,000 point drop by summer and then buy faster than Mortimer can sell

Everybody *says* they're going to do that, but have you done it?   Out of curiosity, what did you do in 2008, when the sh*t hit the fan?

I kept a diary of my transactions, as well as my state of mind and predictions at the time.  Buying equities in the darkest days of the crisis felt terrible - I felt like I was throwing money down a rat hole, but I stuck to my investment plan (which I'd written down to keep myself honest) and kept buying.  The market continued to tank, I felt like throwing up, and dutifully bought more.

Now those stock purchases seem really smart in hindsight.  If it weren't for my diary, I'm pretty sure I could convince myself that I bought confidently, with full assurance of the wisdom of my plan.  But I clearly wasn't brave or foresighted, based upon my diary entries.  If I hadn't put my plan in writing and resolved to stick with it, I would likely have stayed in cash.

Conversely, I had to rebalance recently, and it sure feels stupid to be buying bonds right now.  But that's the plan, I'm sticking with it.  (Average duration of the bond portfolio is about 7 years - I'm not *that* crazy)


That is actually a good idea.  I'd like to see it on Fark. I wonder how many will still support the NSA once a Republican is President again?
 
2014-02-03 05:28:32 PM
Smeggy Smurf:

Because I'm not stupid enough to take unnecessary risks while the country is lead by a fascist

You're not giving yourself nearly enough credit.
 
2014-02-03 06:42:01 PM

rjakobi: This marks the first time ever that our Fed Chairman legitimately has no dick. Good for us.

So, when are we gonna celebrate our first mullato Fed Chairman? Or our first openly bisexual Fed Chairman? Or first Self-Diagnosed Asperger's Syndromite Fed Chairman? Or the first Half-Groundhog Fed Chairman? Or are those too patronizing?


I read that as 'Asperger's Sodomite'.
 
2014-02-03 06:58:53 PM

AngryDragon: [i.imgur.com image 342x220]

You're all thinking it.  Admit it.


That Wall Street is run by imbeciles and the efficient markets hypothesis is a crock of shiat?

Then yes.
 
2014-02-03 07:07:38 PM
www.screeninsults.com
 
2014-02-03 08:19:21 PM

AngryDragon: [i.imgur.com image 342x220]

You're all thinking it.  Admit it.


Biatches can't drive cars and they can't drive markets.
 
2014-02-03 08:49:01 PM

sdd2000: Peki: Pick: Stock market down over 300. This is working out well.

Didn't the market tank when Bernanke was put in too? Uncertainty, no matter who's at the helm, plays badly in the market.

They have known that she would be the Chair for what two or three months now. How uncertain could they be by this point?


It's not the uncertainty that she'll become chair. It's the uncertainty of what the hell is she gonna do with it.

/hmm, I don't look at FARK and they do a design tweak. I kinda like the bars next to quotes, but I dunno why they thought it was necessary. We still need a fricking sarcastic font.
 
2014-02-03 10:34:58 PM

rjakobi: This marks the first time ever that our Fed Chairman legitimately has no dick. Good for us.

So, when are we gonna celebrate our first mullato Fed Chairman? Or our first openly bisexual Fed Chairman? Or first Self-Diagnosed Asperger's Syndromite Fed Chairman? Or the first Half-Groundhog Fed Chairman? Or are those too patronizing?


How about celebrating perhaps the most qualified Fed Chair in history?
 
2014-02-04 03:21:57 AM

Twilight Farkle: Over the long term, I expect the Yellen Fed to be about as dovish as Bernanke was: print enough to stave off deflation, not enough to fuel a bubble, and keep the party rolling for another round of drinks.


Their whole plan is to keep the bubble inflated; it's the sole purpose of QE and the ever-increasing debt. Keep real estate and stock prices artificially high (at least until the insiders have unloaded theirs).
 
2014-02-04 03:25:43 AM

Arkanaut: rjakobi: This marks the first time ever that our Fed Chairman legitimately has no dick. Good for us.

So, when are we gonna celebrate our first mullato Fed Chairman? Or our first openly bisexual Fed Chairman? Or first Self-Diagnosed Asperger's Syndromite Fed Chairman? Or the first Half-Groundhog Fed Chairman? Or are those too patronizing?

How about celebrating perhaps the most qualified Fed Chair in history?


Hmmm... they said the same thing about Greenspan, and look at the mess he set us up for.
 
2014-02-04 04:33:07 AM

Smeggy Smurf: Nurglitch: Smeggy Smurf: AngryDragon: [i.imgur.com image 342x220]

You're all thinking it.  Admit it.

I'm thinking I'm glad I sold all but my gun stocks a while back.  OK so I could have made an extra couple hundred bucks if I had held on a bit longer but my money isn't going tits up.  Here's to hoping for a 10,000 point drop by summer and then buy faster than Mortimer can sell

Why not just short them?

Because I'm not stupid enough to take unnecessary risks while the country is lead by a fascist


But otherwise, you would be stupid enough to take unnecessary risks?
 
2014-02-04 06:11:00 AM

DrPainMD: Arkanaut: rjakobi: This marks the first time ever that our Fed Chairman legitimately has no dick. Good for us.

So, when are we gonna celebrate our first mullato Fed Chairman? Or our first openly bisexual Fed Chairman? Or first Self-Diagnosed Asperger's Syndromite Fed Chairman? Or the first Half-Groundhog Fed Chairman? Or are those too patronizing?

How about celebrating perhaps the most qualified Fed Chair in history?

Hmmm... they said the same thing about Greenspan, and look at the mess he set us up for.


Who said that about Greenspan?  He had no academic background in monetary or macro theory.  He worked as a consultant in New York and political hack in DC before getting the job.  He was among the least-qualified chairmen in Fed history.
 
2014-02-04 09:42:02 AM

DrPainMD: Arkanaut: rjakobi: This marks the first time ever that our Fed Chairman legitimately has no dick. Good for us.

So, when are we gonna celebrate our first mullato Fed Chairman? Or our first openly bisexual Fed Chairman? Or first Self-Diagnosed Asperger's Syndromite Fed Chairman? Or the first Half-Groundhog Fed Chairman? Or are those too patronizing?

How about celebrating perhaps the most qualified Fed Chair in history?

Hmmm... they said the same thing about Greenspan, and look at the mess he set us up for.


Did they? Greenspan was only ever an academic, an analyst, or a consultant, and worked for a few years as an adviser to Nixon and Ford -- he had never run a Fed bank (or any bank) before. He was a pretty smart guy but I don't see where people would get "qualified".

Yellen has been president of the San Francisco Fed, a Vice-Chair at the Fed, and sat on the Federal Open Market Committee. Any of those (plus her academic work) gives her an edge over Greenspan. She's also not a Randian, which I would argue is a point in her favor.
 
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