Friday, May 1, 2015

I Will Show You Fear in a Handful of Balance Sheets

Today Messrs. Stubbington and Berthelsen of The Wall Street Journal seamlessly weave an allusion to Eliot's The Waste Land into the opening paragraph of their story about the April markets. It takes a rare journalistic talent to fit high modernism into a financial news analysis piece. They should be applauded. Too bad they couldn't find a way to work in dried tuber futures. 
April proved a cruel month for investors in financial markets, many of whom had bet the U.S. dollar would continue its march higher, oil prices would fall further and the rally in bond markets around the world would gain steam. 
Stubbington, Tommy and Berthelsen, Christian, "Global Markets Rattled as Turnaround Whips Investors," The Wall Street Journal., May 1, 2015, accessed May 1, 2015, http://www.wsj.com/articles/stock-markets-fall-as-turnaround-whips-investors-1430436783

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