QE-INFINITY: Will take at least 3 to 4 months before Fed even Thinks about Tapering. Goldman Sachs goes Uber Bullish!

RIDE THE STOCK MARKET GRAVY TRAIN ALL THE WAY TO THE BANK.
New York Fed President William Dudley said Tuesday that it will take three to four months to know if the Federal Reserve will be in the position to decide on tapering its asset purchases adding that it is “too soon” to make that determination and depends on how the economic outlook evolves.
https://www.mr-topstep.com/index.php/layout/market-updates/2942-fed-s-dudley-will-take-3-to-4-months-to-decide-on-tapering

S&P 500 Projections – Goldman Sachs goes uber bullish on equities and raises S&P targets for multiple years: 
“Our positive 2013 outlook for S&P 500 has played out much faster than we expected. Our earnings estimates remain unchanged but we raise our dividend estimates and index return forecasts for 2013 through 2015. We expect S&P 500 will rise by 5% to 1750 by year-end 2013, advance by 9% to 1900 in 2014, and climb by 10% to 2100 in 2015. Our 2013 return implies a year-end P/E of 15.0x, a one multiple point premium to our fair-value estimate. We forecast dividends will rise by 30% during next two years. Dividend yield is likely to stay around 2%, in line with the 20-year average.”
http://blogs.wsj.com/moneybeat/2013/05/21/goldman-sachs-turns-even-more-bullish-on-stocks/
The bears cannot catch a break. 
Yesterday is the latest frustration as the 8 MA attempts to drop through the 34 MA but Fed’s Bullard says full steam ahead with QE stick-saving the markets (pink box).
The pink boxes show the downside teases resulting in save after save.
The 8 MA remains above the 34 MA signaling bullishness for the hours ahead.
The Fed will not allow a market correction.
http://thekeystonespeculator.blogspot.com/

Once they stop printing, interest rise, then next leg down
http://www.dailyjobcuts.com/


What’s behind heavy VXX put buying
Traders are looking for the iPath S&P 500 VIX Short-Term Futures Note to continue its slide.
optionMONSTER systems detected the purchase of 7,859 January 13 puts for the ask price of $1.30 yesterday. Earlier in the session a a block of 6,000 August 15 putstraded for $0.64, also apparently bought. Volume was multiples of the previous open interest at each strike, so these are new positions.
http://www.optionmonster.com/news/article.php?page=whats_behind_heavy_vxx_put_buying_81860.html
Stocks keep climbing before Bernanke
http://www.optionmonster.com/news/article.php?page=pmc/stocks_keep_climbing_before_bernanke_81868.html

DB