So what will the central bankers do? Do they manipulate in a new way, and we defy the truth, and go up from here, and break the classic double chart, or do we return to sanity, and the FED returns to an "art form" method of manipulation, rather than the straight right at you method which has reduced the VIXX to historic level lows. Do the FED and ECB work in tandem, and what does the BOJ do, what's good for them, and damn the rest? Devalue and risk increased inflation
, wage increases, etc. or strengthen and hedge against it. Do they do their own thing, or work together? Does Abe
release his 3rd arrow, and realize he needs a 4th and a 5th? The chartists have one eye on the charts and one eye on the central banks, or better have. I think Yellen thinks like Nike
Nicholson said, "you can't handle the truth". The markets can't handle the truth, and continue this bull ride. But something tells me, they will find a way (to keep the bull ride and get the Dems elected in November) And what will be the cost of that idealism, forsaking economic sanity and the supply and demand
rules of capitalism? An economy based on something else, that's for sure. I see this circle of time and events as just that. A last chance for the survival of our current system and marketplace, or the birth of something new. This happens whether we have a collapse of the markets or not. And once the transition is over, be it swift or time consuming, the charts will rule, doesn't matter the system they chart!