(Last) Friday Market Rap, from Gary Phillips
bots stepped-up the es all day
& the shorts were made to pay
due in part to talk of a taper-off
that became the theme of the day
bad news became good news
cnbc pundits changed their views
while the u.s. dollar retreated
and roro correlations repeated
the curve finally steepened
and the gold mystery deepened
as the venerable nikkei led
an ecb ease was put to bed
emerging markets looks shaky
we know this much is true
their currencies look flaky
not much there to add value
yields now look ready to abate
they want to subvert inflation
with a negative real interest rate
we could become a borrower nation
merkel is troubled by russian phonics
japanese women bleed over abenomics
dimson says,markets inevitably drift higher
so fuk-u draghi - i am a risk-on buyer