Brace yourselves, I am heading to Leens Lodge in Maine for David Kotok’s Shadow Federal Reserve Committee/Pre-Jackson Hole/Fishing Trip. Via the wonders of Instagram, I will do regular updates when the limited connectivity allows (you can follow it on my Twitter feed).
Regular readers will recall that whenever I travel, the markets seem to do funky things. Like Flash crash, collapse, whipsaw, and flop about. My West Coast swing took me through San Diego, LA and Vancouver last week, and it was the worst week since October 2008. I leave for Maine today, and the futures are already getting shellacked.
I am not making claim to any sort of causality, but I do find the correlation terribly amusing.
More shortly . . .