Is the Federal Reserve driving the stock market?
While the Fed had no explicit mandate to focus on the stock market, the effects of the run-up in prices seemed to me a legitimate concern
bubbles
What you need to know about bubbles
I am not attuned to this market environment, and I don’t want to spoil a decent record by trying to play a game I don’t understand just so I can go out a hero.
Use of charts and statistics to identify bubbles
The S&P 500 appears to cross through the two standard deviation channel in mid-1996.
The common misuse of charts
These charts tend to exaggerate recent prices and understate older prices. As the time period increases the distortions of the chart increase.