The mavens of Wall Street heard the ‘tough talk’ from the Fed, flipped them off with about as much brazen disregard as Donald Trump might show to his opponents, saw a chance to jam the shorts by gunning stocks higher this afternoon, and so they took it.

That is the long and short of it.

Let’s see how things go with the Fed ‘talking tough’ at these lofty levels for paper asset valuations with inflating housing bubbles and a stagnating real economy.

Have a pleasant evening.

Click on image to enlarge

Click on image to enlarge

Click on image to enlarge

Click on image to enlarge