Not Much Of A Day

On Wednesday, the markets did a repeat performance of Tuesday by selling off early and staging a nice rebound in the afternoon. Nothing much changed in terms of our invested positions.

Today’s hat tip goes to Mish at Global Economics for posting a video, which tries to answer the question how some of the trillions of dollars that have been spent are being accounted for.

I had to listen to it twice, because I just could not believe that so much ignorance and incompetence actually exists.

It left a bitter taste in my mouth, and I’m still wondering if anyone is really in charge or feels some sense of responsibility.

Take a look:

[youtube=http://www.youtube.com/watch?v=cJqM2tFOxLQ]

About Ulli Niemann

Ulli Niemann is the publisher of "The ETF Bully" and is a Registered Investment Advisor. Learn more
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