The US is the only major world equity market to surpass it's 05/22/13 swing high. Dax, Euro Stoxx 50 and UK FTSE are all within 3%; but most of the rest of the world isn't even close. Is the US Decoupling thesis back on? Is it tenable? And what is it that US markets inferred or sloughed off from Bernanke's taper affirmation that the rest of the world didn't get?