I still think one last washout to the upside before they put main street on their backs once again. Houses not moving again cause prices are once again at stupid levels. Mortgage mkt once again giving risky loans that people will default on when they lose their job cause of the next downturn. We think we are smarter this time around but actually it is the same. History will repeat just like it always does accept this time around rates at rock bottom and fed has $4 tril plus balance sheet...that part his NOT part of history but it will be when we crash.
I agree! this is the only game in town. unless housing and jobs gain momentum to the upside the fed will throw everything they have into the markets!
I think it will continue to be a 2 sided market for the balance of the year. Econ news isn't all that bad but there is enough uncertainty to keep bulls from over committing, perfect for the short term trader.