The Fed Dog and Pony Show Coming to a TV Near You

Looks like the Fed did what was expected and life went on as usual. Everything is rosy. Markets initially backed off a bit after the announcement but the Dow came roaring back and is currently sitting pretty up almost 83 points. Whether you like the Fed or not, or subscribe to the mumbo jumbo, propaganda, Voodoo or what ever you would like to call it, the markets are up and that’s all that counts.

Well the rest of the day and evening will be full of self serving analysts and commentators with inflated heads trying to get as much TV exposure as possible. They will be trying hard to complicate the world so that we will feel we need them to gain some form of primitive understanding of the complex financial world. To Quote Peter Lynch, arguably the world's most famous mutual fund manager, “I spend about 15 minutes a year on economic analysis. The way you lose money in the stock market is to start off with an economic picture. I also spend 15 minutes a year on where the stock market is going.” I tend to agree with Peter that all this analysis of the Fed, inflation, unemployment, rates etc. is a great show and perfect for over complicating something that is essentially a simple concept. Something so simple even a guy like me can grasp the concepts and maybe make a little money to boot.

For the record, SCUR is at $6.87 up $0.10 and CLRK is at $17.51 up $0.49.