I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower
The way all markets are exhibiting a certain pattern, they just remind me of the past, where irrational exuberant behavior of the investors and traders left them with unbearable financial pains. They were left holding on their long positions in awe and shock, when the markets started their water-fall declines, whether it may be 1929, 1987, 2000 or other similar smaller bubbles in the middle of said times. They were all bubble artificially created and falsely engineered by (baseless) stimulation by certain Fed policies in each era.
Veteran funds manager Jeremy Grantham writes in his latest quarterly commentary, “The Night of the Living Fed”, that “Adhering to a policy of low rates, employing quantitative easing, deliberately stimulating asset prices, ignoring the consequences of bubbles breaking, and displaying a complete refusal to learn from experience has left Fed policy as a large net negative to the production of a healthy, stable economy with strong employment.”. You can read it in full here
http://trade-in-harmony.blogspot.com/