That move did encourage a short -
term market bounce, but the subsequent lesson
investors should have learned (and the same one I reviewed in detail last week in relation to the 2007 - 2009 collapse) is also the lesson that
investors are likely to experience
over the completion of the present cycle: Once extreme overvalued, overbought, overbullish conditions are joined by a deterioration in market internals, even easier Fed
policy does not provide reliable support for the stock market.