I have to hand it to you--you were right and I was wrong. I thought the Fed central banksters could rig this teflon market up indefinitely. After all, they have a printing press and can buy as many shares as necessary to prop things up to give validity to their claims that all is well with the economy. So much so that they kept crying wolf about raising rates. What they've been doing is a pushing on a string as usual.
The market has been propped up since 2008 by insiders with access to easy QE money and it has benefited the 1 percent. The middle class is going away and the poor are getting poorer.
Anyway, the bubble seems to have been definitely be pricked this time...it's just too bad the pricks at the very top will get off scot free.
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