Bad News Is Still Good - InvestingChannel

Bad News Is Still Good

Some would say you can’t make this stuff up but here we are with global markets on fire.

Someday bad news will be bad, but for now you need to get your mind right.

So it must be stocks rallied sharply Monday given the horrible Friday Employment Report meaning must mean, you guessed it, bad news is good.

It didn’t take long for NY Fed President and former Goldman Sachs man William Dudley to carry the Fed’s and WS’s water this day saying the Fed “will go slowly” on raising rates. And so it is written.

It’s suggested by some European markets were closed Monday for an extended Easter break. (Hmm, that’s something the US should consider!)

Read more…

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