10 billion a month ramping up to 50 billion a month has got to be deflationary and will contract the money supply. QE was like rocket fuel for the markets, this is QE in reverse. Uncharted territory ahead.
Do you think the PRK has a present waiting when the rates rise? That would be a double x factor...and MAYBE the only thing to force enough fear for a temporary correction, or bear. Either way the drip is getting cut off, and the fiends are gonna have to find cheap money somewhere else. Lots of cash heavy corps yet.