RE: RE: RE: RE: Eeeekkkk, The sky is falling..... @ fcabrese
"Good thing I'm not invested in the markets for the short term, huh? If there's a correction, so be it...it will be just like the last dozen or so corrections we've had. Big whup."
This is simply buy the dip/herd mentality. It's all good while it works. In fact, buyers are stepping in right on cue at SPX 1600 just because. Having said this, when the overloaded train derails (or cruises over a bridge that isn't complete), the damage is catastrophic. Naturally, no one sees it coming. IMHO, the markets are starting to wake up to the fact that all the gains made in the last 4-5 yrs have been fueled by nothing but funny money and that they could be wiped out in a matter of days/weeks as we've seen in Japan. Bernanke has painted himself into a corner as the market has called his bluff. Big oops. They do not believe things are improving (as he suggested) and that as a result "tapering" can be done without tripping the markets up. More printing implies things are not going well and what we've witnessed in recent years hasn't worked. Abe is finding this out the hard way right now. Without any more dry powder or tricks up their sleeves, whatever credibility Bernanke and co may have built up over the last few years goes right out the window then. No wonder Obama wants to cut the cord.