Friday, August 26, 2011

Big Ben Speaks! (soon)

The waiting is the hardest part
Every day you see one more card
You take it on faith, you take it to the heart
The waiting is the hardest part
- Tom Petty, 1981

What do you do when the world is hanging on a speech? Aside from the profound implications of how this unelected official can hold so much sway in the financial lives of billions of people, there is not a whole lot to do to prepare.

It is also a good chance to exercise restraint. In the market's we should not predict, we should react.

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