You have inflated the largest financial bubble in human history and you’ve gotten away with it, clean and clear.  Are you going to Disneyland?

First, a rather brief history lesson…….

• Paul  (The Iron Will) Volcker: Took office in August of 1979. Last down leg of a 1966-1982 bear market started in April of 1981. Baptized by fire 1.5 years into his tenure.
• Alan (The Master Printer) Greenspan: Took office in August of 1987. Baptized by fire just two months later, when the crash of 1987 took place.
• Ben (The Savior) Bernanke: Took office in February of 2006. The 2007-2009 bear leg started in October of 2007. Baptized by fire 1.75 years into his tenure.
• Janet (Everything is Peachy) Yellen: Took office in February of 2014 to continue on with Greenspan’s and Bernanke’s insane monetary policies. No major market issues. The joke is on the next guy…..right?

White House has informed Powell he will be next Fed chief

Again, it is truly remarkable what Janet Yellen has been able to accomplish over the last four years. She was able to infuse Trillions of Dollars into the US Economy through zero interest rate policy and QE. Further, she has been able to restore investor confidence in the stock market and most other asset classes. As is evident from the Shiller’s S&P P/E ratio sitting at an all time high of 31.50.

And that might be Ms. Yellen’s biggest accomplishment. Keeping it all together and at incredible valuation levels.

Will the next guy be as lucky? 

We have our doubts……

Well, in terms of the stock market, the situation is incredibly complex. If you would like to find out what happens next, based on our mathematical and timing work, please Click Here.