So then I said “Taper? I just met her!”

The sell-side is starting to weigh in on what this morning’s jobs report may or may not mean for the prospects of September tapering on 9/18. Here’s BofA Merrill Lynch: In light of the mixed employment report, we are sticking to our call for “no taper in September.” However, given the lack of guidance out of the…

Let me save you some time

Let’s briefly touch on August NFP before moving on to a more important point. The jobs report – it was a debacle. Everything about it: The headline number was a miss (169k jobs added versus consensus of 175k and a whisper number closer to 200k). Teen unemployment above 22%. Most of the adds were McJobs…

BRICbreaker

The BRICs theme is coming apart. The idea of owning Brazil, Russia, India and China stocks as though they’re some sort of special grouping or separate asset class is losing credibility among investors at an alarming rate. Here are two must read takes on why this is the case and what to do about… First,…