Well, it looks like the government is stalling on the Stress Test results. Perhaps they’ve been reading TPC and know their little government fueled rally is running out of steam so they need some time to reconsider future government intervention. This clearly could give further legs to the current rally. We’ll re-evaluate next week.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.