Three Blind Mice (and Paul Volcker)

by Michael Covel
Daily Reckoning

I love to use stories and narratives that revolve around fundamentals, predictions and forecasts as a way to teach the benefits of trend following. And today, we are once again afforded a fantastic teaching lesson.

It’s straight from the 24/7 news cycle…

After months of news headlines about a pending recession… and worries about what appeared to be the bursting of the U.S. stock market bubble… and the now subsequent market reflate… Americans have been given the “all clear.”

Last week, the four current and former Federal Reserve chiefs made their first-ever joint public speaking appearance.

Continue Reading at…