The Dow Jones Industrial Average rose 8.5% in October, its biggest monthly percentage gain in four years. Thank you, Janet Yellen.
In addition to the Dow industrials’ big gain, the S&P 500 rose 8.3%.
It's a near global money printing craze.
In Europe, the Stoxx Europe 600 climbed 8%, its largest monthly percentage gain since July 2009. Japan’s Nikkei rose nearly 10%, the biggest percentage climb since April 2013.
The idea that we are somehow in a Bear Market makes no sense. As I have been reporting in the EPJ Daily Report, there was a bit of a slowdown in money printing by the Fed over the summer, but that is now over. The major threat now is greater than generally anticipated price inflation in 2016.