Bernanke's Bubble

This is what will one day come to be known decades from now as "Bernanke's Bubble". He has been perpetuating it now for nearly five YEARS! Today's Fed announcement is just the latest installment.

 

Note also that on this chart, stock values are at a level on the Bollinger Bands where they have historically reversed and fallen back to the Exponential Moving Average. Will they do that again, or continue even higher, taking us well outside the Band that represents two standard deviations, and propelling us toward levels that represent three standard deviations? If so, then the bubble behavior is even more compelling, and is even more likely to collapse in a house of cards.