The market is down for the moment on the suggestion of the fed talking about ending QE. This suggestion of talking about ending QE seems to be appearing more often the past couple of months. Could be softening up the markets for the eventual and actual talk of ending QE in order to feel out the reaction of the markets and public to it. IF it does not suffer more than a 1-2% pullback with each mention, they will probably creep forward with their plans. Comfort the masses with "news" and forewarning and they are quite easy to manipulate and manage.John wrote:at99sy wrote:There is not a significant chance this market will turn down hard until the supports are pulled out or a major event takes place.Higgenbotham wrote:Anybody think this stock market can crash now? Looks to me like it's ready.
It will have to burn out not fade away-to paraphrase an old song fro Def Leppard.
If we assume, as we all do, that the market is being boosted by QE,
then it's still possible that the market bubble has even gotten ahead
of the QE, especially since the QE is not increasing, so a panic could
still start.
With all the domestic problems the O admin is juggling right now, all is needed is for any or all of the stories to gain momentum and we could have a uber-watergate or magic-bullet scenario on our hands which could be the lever to topple the shaky confidence in this house of cards.