Tuesday, 24 June 2014

Wednesday, 18 June 2014

Bears lost another battle

But the war is not over. As always, at every FOMC meeting, over and over again, the proper TA setups are trashed. I'm sure we reached some more record bullishness but Yellen still thinks this is not a bubble and the valuations are normal. As for her position protecting the status quo, she cannot say anything else. She has to defend the house of cards they have been building.