Markets still trading the Bernanke Put...indefinately...
All the real numbers will be bad...because the American consumer is broke...and getting worse by the month...
The constant carping by Republicans and Fox only adds confusion...but offers no solutions...
This will be a long hot summer...with the markets likely down... The January to May "Sucker Rally" was exceptionally strong this year...probably based on the FED Put...and the assurance that QE3 would backstop any decline in paper assets... But outside of Wall Street with its FED money gaurantee...things are dismal...
Basically real numbers drive stocks down...the assurance of the Put has created the "buy the dip" mentality to drive stocks up... With "managed" expectations...everyone will "beat their number"...and stocks stay range bound for a long long time...
