they've been saying for years the crash was coming that's why the VIX has been trading lower every year they overlaid the 1929 crash on the present chart that's why the market went straight up instead ISIS, ukraine, espirito, ferguson, carl icahn, zerohedge.... not even yellen's smallcap jawboning nothing NOTHING can stop this bull market they've been trying really hard only when dentists, lawyers, and surgeons are daytrading bitcoins from their iWatch in between clients, is it over only when the hedgefund loafer comes out again, and only when newbs starts running back to school to get into "investment banking" and "quantitative finance (LOL)" or worse yet have "cryptocurrency degrees" and universities pitch their "cryptocurrency trading rooms (LOOOOL)" will it happen homeless will become millionaires thats when you know
Jackson Hole 2010 then.... QE II will have had diminishing effect on the real economy and stock market. QE III after twist is unlikely to have much effect. It will drive interest rates and inflation through the roof and we will have a treasury bond market crash alomg with emerging markets crash. QEIV ......see above i guess. Jackson Hole 2014... Yellin is supposed to shift to "goosing" wages as Job#1. Thats what i read, just as I read all of the above. Gotta stop reading.
with S&P 500 at 2,000 the farce is complete the sooner mom & pop put everything in social media stocks and their sons and daughters run back to school to get "MBAs" and beg BEG goldman for unpaid internship and Devry sells "crypto currency" degrees the faster the market can get back to normal