Unfortunately market is not this orderly or logical in its calculation.
We could be 2322 by 2015 and 1111 by 2019... Nobody really knows...
"It;s not the FED's mandate to comment on the level of prices in the stock and bond markets."
So, you're not pleased with Janet's valuation comment, because "It's not the FED's mandate to comment" on stock valuations or bond rates, but you're fine with the Fed pumping Wall Street full of easy and cheap money to drive stock valuations to speculative levels? Is that said pumping part of the Fed's mandate?
It sounds to me like you're upset not because Janet's actions are outside the realm of her mandate, but because Janet has failed to meet your "It's all about me!" expectations.
Everything was going along fine until you opened your trap three weeks ago and said valuations were stretched in the market. Hope you are happy with the 10 year at 2.55%. You have made mortgages more expensive and have caused the interest outlay on our $9 trillion in US debt to increase.
Why can't you just report on the mundane stuff economists normally talk about? It;s not the FED's mandate to comment on the level of prices in the stock and bond markets. But it's too late now. You let the Genie out of the bottle.
i put my personal research template on EPU4 three hou the dramam unfolding soon but from writing it here and u did it. For the first time in months a change in trend is visible. IT IS SELL THE RALLIES MANTRA NOW.iF 1940 BREAKS, WE HEAD TOWARDS FREE FALL.
Sentiment: Strong Sell