I suspected the FOMC Minutes, and the bank previews thereof, would throw water on the Markets, but to be honest I don't even watch equities that closely anymore. They can be indicative, just like the oil markets can be indicative, but they're so manipulated and illusionary it's really hard to use them as much of a guide.

I think there will be a time they will let the Stock Markets crater, but it will be a time when it works to their advantage. Now that being said, they can't have the markets going wild into uncharted territory right now with the coming release of the myRA either.

I mean honestly, they can't sell a product like myRA that has a negative return to inflation while the markets are banging new highs every day, that shit just wouldn't fly.

So while I don't pretend to know exactly when the markets will finally react to all of the terrible real economic news we've had since Q4 '13, I don't think they will be going up very hard either...

The primary things I use as real market indicators are bond values, and certain commodity markets. Bond traders are savvy in a way that stock traders are simply incapable of because they often look at completely different information, and mostly react to that information in totally different ways...