What does Yellen know? Nothing apparently (if she says ‘sell’) US equity markets, juiced by China’s GDP data (but missing China’s retail sales and home price slump) and helped by Portugal ‘reassurances’ that have yet to materialize, are soaring this morning… VIX is back at a 10-handle as Dow hits record highs, the S&P nears record highs and even small-cap, social media, momo, tech fantasy stocks are ripping… you can’t keep a good market down… It seems “fight the Fed” is the new “Don’t fight the Fed”
Dow record highs…
as VIX is slammed to a 10-handle again…
But don’t look now as Russell 2000 is dumping off the spike open…
via Zero Hedge http://ift.tt/1jxBSS8 Tyler Durden