The Daily Dose

What Is A Bubble?

“The term bubble should indicate a price that no reasonable future outcome can justify.” ~Clifford Asness

Yes I was – well actually I was right, but the Fed was just three months late!

We will find out this afternoon if the Federal Reserve will taper its $85 billion in monthly bond purchases.

Since I am on the chart theme, I have been accumulating these over the past week.

I wanted to post this timely chart on just how bullish investor sentiment is regarding the equity markets.