The Phaserl


Fire in the Hole! Yellen is “Fairy Godmother of the Bull Market”

from Outsider Club:

Fire in the hole! Jackson Hole, that is…

The Federal Reserve Bank of Kansas City decided to start holding its “Economic Symposium” at the quiet mountain resort in Wyoming to lure ex-Fed chair Paul Volker to their conference. The rumor was Volker was an avid fly-fisherman, and Jackson Hole has some of the best damn fishing around…

It worked, and now the conference is one of the biggest market movers in global economics today.

Typically, these meetings have serious implications for the stock market. Former Fed Chair “Helicopter Ben” Bernanke turned these Jackson Hole speeches into full-fledged global market movers. Just have a look at what happened after each of his speeches there:

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