Is there a doctor in the house?
I think the bull market just caught a taperworm infection.
What’s a taperworm, you might ask?
Well I’m not quite sure exactly what it is... but what I do know is that the symptoms can make a bull very uncomfortable.
You see, the latest leg to the market rally has been chugging along for over a month and carving out new closing record highs practically every day.
But yesterday, the bulls got sick. And the diagnosis points to taperworm.
We actually covered this just last week in my article, Is the Fed About to Kill the Rally?
The Federal Reserve’s QE asset purchase program, which is buying treasury bonds and mortgage securities at a pace of $85 billion per month, continues to come under intense scrutiny.