I think you are right. Question is, if everything starts to topple will the Fed overextend itself yet again and really put us into the depths of debt by propping up the markets. That could push the top further into the decade. I thought we were forming the dreaded double top of late but if the markets keep going higher (Dow @ 42K!) that double top may wash out.
It looked that way for a bit, now I think we have a blow off top into the 6000s on S&P500 before it's over. Once it starts there's not much they can do. They couldn't stop volatility in the past, no reason to expect different in the future.
I think you are right. Question is, if everything starts to topple will the Fed overextend itself yet again and really put us into the depths of debt by propping up the markets. That could push the top further into the decade. I thought we were forming the dreaded double top of late but if the markets keep going higher (Dow @ 42K!) that double top may wash out.
It looked that way for a bit, now I think we have a blow off top into the 6000s on S&P500 before it's over. Once it starts there's not much they can do. They couldn't stop volatility in the past, no reason to expect different in the future.
Correction, 43K for the Dow, lol.