NEVER. At least according to the view most delusional bulls share (video above). Just as they did at 2000 and 2007 tops. The keyword this time around is “Creativity”. The US Economy/markets will be able to overcome all of their structural issues because of ……..”oozing creativity”. Plus, this secular bull market has another 9-12 years to go. Fair enough, but one should also realize that we might still be in a secular bear market that started in 2000 and will only end in 2017. An analysis I have clearly outlined here Why A Bear Market Of 2015-2017 Is Unavoidable
In the meantime, something interesting happened yesterday. A senior FED official suggested that rates should not be raised until 2016 and the market didn’t even react. Fed’s Evans wants no rate hikes until early 2016.
“Given uncomfortably low inflation and an uncertain global environment, there are few benefits and significant risks to increasing interest rates prematurely. A rate hike will be not be appropriate until early 2016”.
In the past such a statement would have set off a massive rally of at least 200 points. Not this time around. Has the market finally had enough of the FED’s BS? We can only hope so, but this might represent an important turning point.
The Shocking Truth About When This Bull Market Will End Google