Two-year tenure for Yellen?

oldpigwang

CNBC  ARTＣashin on market
Friday, 20 Jun 2014 | 10:01 AM ET

**She dismissal the worry on inflation.
**Inflation may rise graduatly, graduately, then suddenly.


financial pressure, is this all the federal reserve?  well, it's a good deal of the reserve, plus the fact you have an enormous amount of corporate buy backs, amount of stock reduced, and that is a key factor, and that's helped in keeping the earnings up where they are. the gains have been frustrating because they are incremental, but they keep coming along. for example, this morning, you got help from a quadruple exploration. there was just under $2 billion to buy, and in five minutes, we did close to 400 shares, came out of the gate strong here.  what do you think of the vix? continues to go down, multiyear lows for the vix, volatility index. does it signal anything about the fundamental.  he doesn't like the vix.  i think it's a broken instrument. i've said that for years. everybody's talking about complacent si, and the vix reflects that. could be the case.  surprised at how little effect iraq had on the markets?  yes, i am. the markets decided, with all do respect to the news media, they monitor the other assets. they are looking at oil. they are looking for confirmation from things like gold and the yield on the 10-year, and if those begin to move, then you may get action. the weekend worry is that isis may move its attention to samara, which is the location of some of the holyist sites of the shia, and if they move in and desecrate the sites, there's high risk that could turn into a regional holy war, bringing in people from different nations in the area.  what do you think of this? looking at gold here, what do you think of the short covering frenzy yesterday?  i think it came across naturally. if you took it apart minute by minute, it's when they reached the 1300 lev, turned into an absolute spike, shot up to $20 in nanoseconds, and i think that was the shorts trying to protect themselves, buy stops in around 1300, and once triggered, it was off to the races.  what do you feel -- we didn't speak to you yesterday, what do you feel about janet yellen at the federal reserve, deliberately ignoring the pressures and the dots moving?  credibility is somewhat at risk. you hear that around the street. some of the gold bugs and others are talking about maybe a two year tenure for janet, but i think the fact that she was dismissive of the inflation and other aspects in there have people a little worried.  look at the deflator, yes we





















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oldpigwang

http://www.cnbc.com/id/29915598

oldpigwang

Cashin:
Her credibility is somewhat at risk.
you hear that around the street. some of the gold bugs and others are talking about maybe a two year tenure for janet, but i think the fact that she was dismissive of the inflation and other aspects in there have people a little worried.

葡萄柚

这个大概也能成为一惊一乍的炒作题材， 今天她不连任了，大跌， 明天她又能连任了， 大涨， 会不会？ 接下来这一年围绕这个题材来好几波。