There probably aren’t too many people willing to admit they remember The Osmond’s song “(Just Like A) Yo-Yo.”
The really cool people would look at you with some disdain, as the only thing that could have possibly made the yo-yo tolerable to mention in any conversation was if it was somehow in connection to the song of that title by “The Kinks.”
With her dovish words just the prior week, Janet Yellen set off another round of market ups and downs that have taken us nowhere, other than to wonder who or what we should believe and then how to behave in response.
That’s been the case all through 2016, as another week of ups and downs have left the S&P 500 just 0.2% higher year to date. Of course, that’s within a 17 month context in which the S&P 500 has had no net movement, but has certainly had lots of ups and lots of downs.
Reminds me of something.
For those that do recall happier times with a yo-yo in hand, you may recall “the sleeper.”
“The Sleeper” was deceiving.
There was lots of energy involved in the phenomenon, but not so obviously apparent, unlike the clear ups and downs of the standard yo-yo move.
Both, though, ended up going nowhere.