### Comment:
Just as treasury bond yields are rising due to the inflation caused by nearly a decade of quantitative easing?   
  
 Yea I don’t think that was part of the formulation of things go up sometimes and things go down sometimes.  
  
 We are at a point where we have gone up so much due to QE and the more recent stock buy back initiative that the going down part will be beyond what our system was built to withstand.

### REPLY:
I'm more saying this in that calling a short doesn't mean anything *if there's no timing attached to it*. Someone who's been doomsaying for 10 years isn't too useful if they can't point to when something's going to happen. If they turned out to be right and the S&amp;P dropped by 50% tomorrow you'd still be up 75% since 2009. 
  
 I've no doubt we've goosed the market a lot more than it needs for questionable gain, but a return to norm wouldn't likely be that catastrophic.

### END.