Nothing New

Zero rates forever.  Unless we see hyperinflation, we will not see a rate rise.  Those expecting a more hawkish Fed have not been paying attention.  Remember who the Fed chief is.  Bazooka.  Banana.  Boom Boom.  Expecting more chatter of a successful inverse head and shoulders formation with a move above 1350 and a chase for risk.  Next week should be the time to get short in size.  Short crude, short silver, short ES, short all beta names. 

When Bernank decides to raise rates after seeing hyperinflation, he will set a precedent and raise in 1 bp increments to be as gradual as possible to help the economic recovery.  It should take approximate 600 years to get back to 5 % Fed funds.