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How The Fed 'Broke' The Markets (In 2 Simple Charts)

By Tyler Durden
Created 09/23/2014 - 16:29
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 09/23/2014 16:29 -0500



 

The next time your friendly, local, asset-gathering, commission-taking, wealth-transferer explains that "you should BTFATH because stock valuations are supported by the fundamentals" - show them these two charts.

 

[3]

 

Now - what do you think will happen when the Fed turns off the QE tap?

Source: Citi

 

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Source URL: http://www.zerohedge.com/news/2014-09-23/how-fed-broke-markets-2-simple-charts

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[2] http://www.zerohedge.com/taxonomy_vtn/term/12424
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/09-overflow/20140923_citi1.jpg