Markets are delirious this morning, presumably as a result of easy-money Janet Yellen being confirmed as Ben Bernanke’s successor.
We’re right in the zone for an ending to the Sornette log-periodic bubble price action, December 31, 2013 to January 13, 2014 per John Hussman.
Eurozone data this morning showed further disinflation. The most hated asset class is a bargain.
LOB.