The GDP number today assures that the FED has a long way to go before monetary policy is neutral...
The M&A activity also shows that the economy is awash in cash...and stock prices may indeed be in bubble range...as companies use their "unique currency"...ie stock to aquire other companies...
Google the most over prices company of them all is a case in point.
The FED has a lot more work to do before the MASSIVE ASSET INFLATION is finally removed from the economy...
So rally on suckers.... The FED will not stop raising rates until you admit your are still in BUBBLE MODE!
