What happens when you take away the drugs from an addict?
You get withdrawal symptoms. Agitation, anxiety, and a volatile change in behavior. And those are just a few of the immediate side effects.
Well, we know that this market rally has been addicted to all the Fed’s easy money printing. It's helped prop up the stock market and risk taking in general.
And ever since the Fed pledged to inject $85 billion per month of liquidity into the veins of the financial system with its QE3 program, it’s produced a euphoric high for many investors as the stock market recently hit all-time highs.
But on May 22, something seemed to have changed. That’s the day the Fed Chairman testified in front of Congress, along with the release of the FOMC minutes from their May 1 policy meeting. Both revealed a telling sign that the market’s monthly “fix” may soon be taken away,…