Yellen: Soccer Mom

Yellen has delivered her upside asset price spin once again.  The Fed is always caught defending stock prices, shepherding participation like a soccer mom protecting her not so talented child from the true nature of competition.  Down is unacceptable in a world where social interaction is delivered through device and applications molding negative event information into general rationalizations and framing views that some how all can be made right by simply explaining calmly why anything bad can be wished away.   Yellen, like Bernanke, like Greenspan, can never bring themselves to deliver bad news.  The vanishing middle class, a growing elite, are not the story to them.  Their view is always if you can save just one millionaire, think of the possibilities.