I think the market might be retarded. Look at bond yields, employment, and they are talking about revising 1st 1/4 GDP to *NEGATIVE*. Low VIX shows complacency. PE's in the stratosphere. The ONLY reason the market is up here is because interest rates are near zero and the Fed is buying > 100b a month (dont fall for the taper B.S, do some research). How anyone can argue that the economy is strong is beyond me. Lets take away the low rates and bond buying and see how "strong" it is.
The Fed has backed itself into a corner. It cant step up bond buying and it cant lower rates. So if we get any hint of recession, like, I dont know....negative GDP....the economy is SCREWED.
Just how dumb are these clowns?
Ive been buying puts last few days. I'm loading the truck up on open. Ive never seen such an obvious major top. DING DING, DING DING goes the bell
