Wall Street rallies for third day as Fed concerns fade

There is no better time than now for the fed to taper. The Fed could start slowing the pace of QE as early as next meeting and completly stop the QE by the end of this year, and probably start raising rates from the next year.

Fed members have managed to jawbone the markets back from Bernanke’s initial remarks. The claims and spending reports had little to do with the upside as the market now has assurance from the Fed that rates will remain low and the 10y will not be allowed to swing higher. I have to believe that the events of late were orchestrated to play out much the way they did. After all this is what central planning and manipulative intervention is all about. It was a roll of the dice to let the air out of some bubble formations, but the Feds play won this round. Fiat money creators and their sidekicks usually do. Particularly this one who just so happens to own 75% of the treasury debt.

Just because rate firming would likely not happen until after the end of 2014, doesn’t mean there is a zero probability of rate firming prior to the end of 2014. See more at http://statisticalideas.blogspot.com/2013/06/a-20-chance-of-rate-firming-prior-to.html

Well, it looks like the wealthy just took a bunch of profits… no need for concern. The stock market does not affect the economy or Main St., it’s all about the wealthy playing high stakes poker with your jobs.

This was clearly planned for the market to rebound after Bernanke remarks earlier. As last weeks results will indicate, it’s going to be a huge hangover after the bond buying tapers. Propping up the worlds largest economy with paper kind of reminds me of the house “House of Cards” that collapsed in 2008.