Clicking the headline yields you an [MSM] article highlighting blogger Charles Hugh Smith’s view about how this is a blow off, as the Fed QEs to avoid disaster (ref. last week’s post showing similar Fed graphs).
From the article…
“The financial media is loudly declaring the current blowoff top in stocks is not a blowoff top,” he said. “The delicious irony here is these denials are reliable markers of blowoff tops: the louder the denials, the greater the odds that this is in fact the blowoff top that many pundits have been expecting for some time, but always in the future.”
Well, I’d say that the even more delicious irony is that the article linked above is declaring it a blow off top. Only in Wonderland…
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