Equity Markets at an Inflection Point

Jon Market Commentary

Around the turn of the century, a bandit rode in from Mexico, robbed a small Texas bank, and fled back across the border. A Texas Ranger picked up his trail and nabbed him in a Mexican village. The bandit spoke no English and the ranger no Spanish, so another villager was asked to interpret.
‘Ask him his name,’ said the ranger.
‘He says his name is Jose,’ said the interpreter.
‘Ask him if he admits robbing the bank.’
‘Yes, he admits it.’
‘Ask him where he hid the money.’
‘He won’t tell me.’
Leveling his pistol at Jose’s head the ranger said, ‘Now ask him again where he hid the money.’
Jose quickly blurted out in Spanish, ‘The money is hidden in the well in the village square.’
‘What did he say?’ demanded the ranger.
The interpreter replied, ‘Jose says he’s not afraid to die!’
The translation and interpretation of the news can play a crucial role on Wall Street.

This post was published at FinancialSense on 03/06/2017.