Yellen

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.

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