Black Swans, White Crows, And Doves

We can briefly switch our attention from Greece and Apple and see just how dovish the Fed is. I think pretty dovish but minutes that don’t sound like their we’re table pounding demand for immediate QE may disappoint the market. The amount of money that has been seen chasing yield since the announcement has been incredibly high. The shift in allocation seems to be winding down and with realization that Europe is getting worse again, China can’t save everyone, and Apple alone can’t support the entire stock market, we may test yesterday’s lows and if we don’t get a last minute rumor while testing those resistance levels, we could see a quick sell-off.  Main finished 8 wider today with a gap wider at the close as no one was well positioned to get longer in a falling market.