Just read that the Fed has created a parabolic move in the stock market. The problem with this is that all parabolas always collapse. There are never any exceptions. When this one goes it's going to take the global economy with it.
This all started in 2011. If Fed had just allowed the market to correct naturally and drop down to its 4 year cycle low in 2012, we would probably now be on a a sustainable path into another secular bull market. The move up is not sustainable. The market will collapse.
Margin debt and money market funds are at levels indicating retail investors are now all in like they always are at market tops. At some point, Yellen will panic and all thoughts of tapering will vanish. They will probably increase QE to try and reflate the parabola. The Fed thinks they are creating a "wealth effect." All they have done is sow the seeds of the next crash.
By the way, SLW also has a parabola, but it is bullish. GL.