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comment by user-inactivated
user-inactivated  ·  3496 days ago  ·  link  ·    ·  parent  ·  post: Yellen Calls Stock Prices ‘Quite High’

I've heard September will be the big correction from a few people. Some of them conspiracy theorists looking at 7 year cycles.

Nonetheless, I did the same.





mk  ·  3496 days ago  ·  link  ·  

Any reason why September? The most likely time for a rate hike?

user-inactivated  ·  3496 days ago  ·  link  ·  

Just speculation

Edit: I tried to find the source for the comments on this ZeroHedge post and the above was not it... so, it's ZeroHedge, but, yeah.

mk  ·  3496 days ago  ·  link  ·  

Seems probable. I am sure they feel like they have to prick the bubble, but don't want to do it too soon, and get blamed for an economic downturn.

It's pretty clear that the tools at their disposal can create asset bubbles much more efficiently than they can economic growth.