Equity flows. Lol.

Bernanke. Professional printer for the rich.

Source: zerohedge.com

46.5 mio Americans live in poverty, and the poverty rate in the US has been at 15%+ for 3 consecutive years. The first time that has happened since 1965. Land of the free.

I'm not a huge fan of CNN.. but I've sourced the stat from this article: money.cnn.com/2014/01/24/news/economy/middle-class-economy/index.html?iid=HP_River

Musing.

Volatility still high. 

Yesterday's gains will likely be wiped with European inflation at a measly 0.7% (CPI) - under 1% for 4 months in a row. Meanwhile, Japanese inflation is at it's highest in years.

Prediction: ECB to pursue ridiculous QE

VIX - says it all.

Commercial music

Source: vf.com

Goldman - Underweight US equities

"We downgrade the US equity market to underweight relative to other equity markets over 3 months following strong performance."

Replacing the O with an A... Capital Hill

Time to reassess?

Goldman's chief strategist David Kostin, 'S&P 500 valuation is lofty by almost any measure, both for the aggregate market (15.9x) as well as the median stock (16.8x)'

A cheerful start to the new year: Britain's youth

750,000 16-25 year-olds believe they have ‘nothing to live for’.

Of those that are unemployed, 40% have mental health issues linked to joblessness. 

1/3 of 16-25 year-olds who have been unemployed for more than six months, have contemplated suicide.

Full paper here: http://www.princes-trust.org.uk/PDF/YOUTH_INDEX_2014.pdf

BBC video report here: http://www.bbc.co.uk/news/uk-25573342

Who's recovery?