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Zombies panic and sell stocks on irrelevant Fed comments.

Summary:
Balance sheet operations are relevant only in how they affect the composition of dollar assets in the economy. Other than that, nothing.

Topics:
Mike Norman considers the following as important:

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Balance sheet operations are relevant only in how they affect the composition of dollar assets in the economy. Other than that, nothing.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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