The FED needs to raise rates otherwise, the next leg down only gets worse. Steve WOnder could see how artificial this run has been. ZIRP is needed for RECESSIONS and emergency, the US needs to forget about outside forces and raise 25 bases points otherwise they continue to inflate the markets whether or not US economy is truly good or bad. if the economy is truly weak, then stocks must go lower.
two charts that show the damage that has been done and why the market topped out in 2015 (assuming no more QE or ZIRP) and why it will be hard to break above.
stock buybacks fueled most of the rally as well.
earnings will be weak for next 2-4qtrs.
just wait until the damage of the oil patch really hits home and global nations..going to HURT BIGTIME
and the dow tranports proved DOW THEORY CORRECT!!!
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