From “Market Watch”, Sept 12, 2013:
“When I last interviewed noted market historian Laszlo Birinyi back in February 2011, he was one of a very few big-name gurus who said we were in a genuine bull market that could last for years.”
“I think the bull market continues,” he told me. “I think we will be over 2,000 before it’s over.”
Why would anybody want to be bearish in a bull market?
Really? You can't do the math? It is no more than grade school multiplication.
Try checking market breadth. Up volume exceeds down volume.
Check the math. AAPL is less than 4% of the S&P. That is less than 17 cents on todays index.
Naïve is not know what you are talking about.
FED authority did NOT cover risk assignment before Dodd-Frank. What in hell do you think Dodd-Frank was about!
In what capacity do you think that the FED had control over Fannie Mae. The FED had only that authority granted to it by the Federal Reserve Act. Where, within that act, does the FED have any control over Fannie Mae?
Maybe you should read it.
You may be right, if the FED had had control over bank lending policies. They did not.
They now have that authority as a result of Dodd-Franks.