Another week, another rise for the stock market. The big news this week is Janet Yellen's speech. The Nationals-Cardinals game I planned to watch at that time was rained out, so I went with the traditional Fed speak nap. When I returned to the office after the long commute down the hallway through the traffic snarl of cats and dogs, I found the market really liked the speech and was again trending higher. The ghouls of Wall Street loved the fact that she said things were just okay in the economy and the pace of interest rate hikes would be slow. Junkies love their dope and traders love low interest rates. We may need to develop a 12-step program for Zirp-addicted stock traders in the near future. Bad is the new good for now in the stock market.
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