Tuesday, May 14, 2013

TV Comment of Hedge Fund Manager Fuels 100-Pt Rally

This from the Wall St Journal website today:
"Financial and energy stocks led a day of broad gains for the major U.S. benchmarks, following bullish remarks from a prominent hedge-fund manager."

Prominent indeed! 

If this is so, then the perception of risk on Wall St is now so low that a bubble is a certainty! The only thing that is going to stop this insanity is for the Fed to formally announce that it will end QE and its support of the stock market on date certain. Otherwise, this bubble is going to cause even more tears!