Well, the Bernanke speech came out, and although the market reaction is only 15 minutes old as I am typing this, perhaps – unlike Jackson Hole – the disappoint will stick this time.
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What's incredibly interesting to me – – and this warrants close examination on your part – – is that the expected continuation of the market's rise (indicated by the regularly-placed green arrows) seems to have stopped dead in its tracks. The market should have pushed higher for several more weeks. Instead, the rise has been truncated.
Something's up. And it isn't the market.
