News Analysis: A 326 Point Drop in the ‘Dow” Stock Index on the First Day of the New “Fed” Chairwoman’s Appointment appears to show “No Fizzle Remains in the Champagne”. Her much touted Predecessor had an ever enthusiastic Press that made lauding comments about his many mistakes; either they did not know any better or through their own avarice.
Today, years later, Unemployment is still a Major American Problem and the ‘Fed’ Chairwoman cannot lower Interest Rates into ‘Negative Zones’; she received an emptied Tool Box from the Bearded Gentleman. “Same-O” “Same-O” as her predecessor will gain her little now.
It seems as though the “Bubble Masters” to whom we often allude are finding their ‘Cork Stoppers’ to be defective; their Champagne is getting ‘Flat’. Even a Sommelier cannot repair the damage, so the Gullible will buy this “Wine”. What happens now can be easily estimated: the “Bubble Masters” will quickly Liquidate their Inventories; A Little of Something Is Better Than A Whole Lot Of Nothing. They do not want Vinegar.
The Investing Public who has enthusiastically ‘Taken the Plunge” into the Stock Market need to look around; they may see the “Bubble Masters” running quickly out of the ‘Water’.
As for justification for running onto the beach, the Press (who are Minions of the “Bubble Masters”) will report in their newspapers: ‘Stock Sharks Seen In Ocean – “Innocent”Bathers Flee!’
Reality.
Reference: http://nypost.com/2014/02/03/dows-326-point-sell-off-is-a-helluva-hello-for-yellen/