from Zero Hedge
“Is the Fed confusing the market?”
That is how Bob Pisani’ latest CNBC column begins, to which our logical response is “what market” – the “market” which any time it drops by 10% see every central bank unleashes historic jawboning and/or unprecedented monetary easing with QE (as in the case of the ECB now monetizing private bonds); the market which can not go below 2,000 without Yellen admitting her “dots” were twice as much as they should have been; the market which has been propped up only by corporate buybacks funded by cheap debt courtesy of… the Fed.
That market?