Dozens of State Department officials this week protested against U.S. policy in Syria, signing an internal document that calls for targeted military strikes against the Damascus government and urging regime change as the only way to defeat Islamic State. WSJ
That sounds about as likely as claiming overthrowing Saddam will destroy Al Qaeda. Oh, it did the opposite? My bad, next country...
Unfortunately this is also the foreign policy you get with Clinton. Stupid people.
Having visited here before (when the city was a mess) and lived here during and after 9/11 (when it bounced back amazingly), on balance Rudy Giuliani was obviously a good mayor.
The "balance" being that we've had two liberal mayors since him and things have only continued to improve so it's hard not to say he was mostly lucky. Also the guy is personally a disgusting degenerate - most people would be satisfied with only abandoning one family per lifetime.
Gundlach's presentation stating the S&P has never risen 7 years in a row - therefore presumably won't go up in 2015 and you should buy some more of his bond funds - has been getting some attention lately.
But in fact you only need to go back to the 1990's to discover that the return on the S&P was positive 9 years in a row.
Ironically enough for a bond manager, the King of Bonds no less, this is because Gundlach ignores the yield on the S&P.
Now I don't know whether the market is going up, down or sidewise this year. But the S&P dividend yield is higher than the 10-year right now, so I certainly wouldn't be buying what Gundlach is selling. Especially if it's secondhand, ugh.