Young FrankenMarket Lives

Excerpted from Notes From the Rabbit Hole #237: Young FrankenMarket Lives In failing to take a “healthy” correction to the equivalent of SPX 1350 to 1450 from the upside target zone of 1550 to 1590, the market is now running on policy and momentum. Hence we now dub thee Young FrankenMarket; Ben Bernanke’s creation, sustained by government and legacy MBS debt, following Alan Greenspan’s monster … Continue reading Young FrankenMarket Lives