In other words, all according to plan, right? And yet, the “market” not only feels stuck, but what’s worse, (I’ll contend, far worse) feels to be teetering.
This has now (right on cue) caused many earlier talking head bull-market-prognosticators to, out-of-the-blue, add caveats to their musings. In other words, “everything is rosy, that is, unless the world melts down tomorrow.”….
My conclusion? Hint: The Bernanke/Yellen Put has been revoked, at least for the time being. Consider this both a warning, as well as notice. i.e., The banks and “markets” will have to deal, on their own, with lower prices and liquidity issues. Only in an outright panic will they re-engage. And where that level resides is currently lower, much lower, than many may assume.