Not if it convincingly busts through the upward trend line. Don’t fight the Fed.
With this prognostication the markets will go gangbusters for at least 6 months!!!
Soooooo...when all stop fighting Le Fed, then what?
When all are on their knees with heads bowing down and arms forward, then what?
More froth? Forever?
They can always keep printing money. However, that money is becoming increasingly devalued.
So are we really witnessing a slow motion crash even as the charts as going straight up?
The problem is that median income is down, government dependence is up, the world is a tinder box and zirp leaves the Feds ammo belt empty. Don’t know when but bulls running for 5 years plus absent meaningful corrections is not something that compels me to run with the fed these days.