Bungee Jumping

(1) Fed’s mad monetary policy experiments. (2) Fed setting the stage for a third round of QE. (3) Yellen admits Operation Twist might be a mistake but wants QE-3.0, though QE-2.0 backfired. (4) Fed’s goal is higher stock prices again. (5) Where is this going? (6) A firmer soft patch. (7) Europeans are in a panic. Is that bullish or bearish? (8) Earnings yet to reflect soft patch. (9) Valuations may have more upside. (10) Staying mostly sector neutral during volatile times. (11) Good news out of Asia, while global leading indicators have a negative tilt. (12) “Mozart’s Sister” (+).