"X" Marks The "Irrational" Spot

Tyler Durden's picture

Fed's Williams recently warned of "irrational" investors getting "carried away" by "assuming a pattern (rising stocks) will persist." If financial stability is really the Fed's concern then one look at the chart below shows they have totally and utterly failed...

 

h/t @Not_Jim_Cramer

 

Looks like someone is getting carried away?