>"Can anyone track and connect the dots from fed bond buying to increase in Facebook share price? I don’t think anyone knows." It's only a "banal" conclusion b

>"Can anyone track and connect the dots from fed bond buying to increase in Facebook share price? I don’t think anyone knows." It's only a "banal" conclusion because it's so blindingly obvious. Fed drives interest rates down via QE. When bond yields decrease, investors migrate to equities, especially high growth tech stocks. I've predicted since last year that we are in the midst of a QE-induced asset bubble that will probably pop in early 2017, leading to a 20% pull back. That Spiegel agrees is somewhat vindicating.