Thursday, January 3, 2013

It's a Mutiny On the Bounty At the Fed

Stocks have reversed on this news, but are down only modestly. But this is potentially earth-shaking news.

I suspect this news will have only short-term impact. We're too drunk from the Pollyanna Party to pay any heed.
This market is manifesting classic bubble behavior, ignoring all the bad news in favor of the bullish bias. It will not end well.