Seems not. Market is just ripe to correct.
I scanned the headlines on marketwatch. Ben said no taper until job growth is stronger.
Yup, market just needs a correction, any excuse will do now.
" Ben said no taper until job growth is stronger"
He had to say that for people who don't understand things like numbers and percentages and junk.
All I heard was that Fed would give "clarity soon" on tapering plans...which dosn't say anything, really.
The currency market seems to think so. JPY broke 100 again. The 10 yr auction was not cheap. And 10 yr keeps rising. Transports are selling off down 1%.
What will rising interest rates do to future earnings..
Are interest rates rising because of financial engineering iin Europe and japan and not because of a stwong economy..
ie the US dollar is rising relatively to the world , but due to easing elsewhere. The race to the bottom has started