AFR article, page-169

The drop on the Dow is the beginning of a bear market. Anyone buying stocks now isn't watching the yield on the 10 year treasury, the trade deficit, budget deficit, fed funds rate under 0.2% since 2009 through to 2015, with a rise to 1.41% which is still extraordinarily low. It has caused inflation in the US stock market & will hit US consumers like a freight train. It has caused a major bubble in the Dow. The smart money isn't buying BIG, the smart money sold BIG weeks ago