Yellen’s Recovery is as real as George Costanza’s Hamptons Beach House Ep. 35
- Volatile Friday followed by Monday rally trend
- The stock market has rallied very high very fast with little technical support.
- The gold market had its best week relative to equities.
- Only a dozen markets have beaten gold this year.
- Rally started with Michigan Consumer Sentiment assisted by Dodd/Frank revisions.
- The dollar was mixed at Friday close.
- The oil market is indicative of the Fed’s movements.
- The Fed’s history predicts continued to support for bubbles with additional QE, despite reports to the contrary.
- QE4 will be bigger than previous QE’s and will precipitate higher oil prices.
- The pretense that QE is over has fueled the market, but QE4 will trigger the bursting of multiple bubbles.
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