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From remarks by the Dick Fisher of the Dallas Fed:The Fed has artificially sustained marketsThank you for the admission, oh FOMC member. And to think just 4 years ago anyone accusing the Fed of using its “invisible hand” and doing everything in its power to solely focus on the stock market was label…

At Least They Are Finally Honest | ZeroHedge HomePremiumContributorsChannelsAllBailoutCommoditiesCOVID-19CryptoEconomicsEnergyGeopoliticalMarketsMedicalMilitaryPersonal-FinancePoliticalTechnologyWeatherThe Market EarMerchAboutMoreRSSDonateAdvertiseLOGINLoginUsernamePasswordLoginCreate new accountReset your passwordThis site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.ZeroHedge ReadsActing ManAlt-MarketAntiWar.comBitcoin MagazineBombthrowerCapitalist ExploitsChristophe BarraudDollar CollapseDr. Housing BubbleFinancial RevolutionistForexLiveFundistGains Pains & CapitalGefiraGMG ResearchGold CoreImplode-ExplodeInsider PaperLiberty BlitzkriegMax KeiserMises InstituteMish TalkNewsquawkOf Two MindsOil PriceOpen The BooksPandemic: War RoomPeter SchiffQTR’s Fringe FinanceSafehavenSkwealthacademySlope of HopeSpotGammaTF Metals ReportThe Automatic EarthThe Burning PlatformThe Economic PopulistThe Libertarian InstituteThe SakerThemis TradingValue WalkVisual Combat Banzai7Wolf StreetExpandAt Least They Are Finally Honestby Tyler DurdenThursday, Feb 21, 2013 - 11:57 AMThis article is archived.Upgrade to premium to access all of the ZeroHedge archive.Already a member? Sign in.Introducing ZeroHedge Premium. Why Premium?BASICSnowflakeFREEREGISTER TO UNLOCK THESE FEATURES- Commentary and Analysis- Daily Recap Newsletter- Community CommentsSELECTPREMIUMJack's Lack Of CensorshipONLY $25/MONTHBILLED ANNUALLY OR $30 MONTHLYAll BASIC features, plus:- Ad-free environment- Unmoderated comment section- Premium commentary features including user tiering and comment tracking (coming soon)- Access to private, invitation-only Zerohedge twitter account- Exclusive access to The Market Ear content- Access to Newsquawk breaking news and market squawks, and discount for real-time commentary- Early glimpse at all our postsSELECTPROFESSIONALProject MayhemONLY $85/MONTHBILLED ANNUALLY OR $100 MONTHLYAll PREMIUM features, plus:- Access to our constantly updated research database via a private dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)- Notifications for new posts, breaking news and comment replies (coming soon)- Discord-based chat and commentary rooms (coming soon)Contact us about Enterprise Solutions priced at $5,000/moSELECTINSIDERPaper StreetCOMING SOONSTAY UP TO DATEAll PROFESSIONAL features, plus:- Direct access to Zerohedge staff- Full archivesCOMING SOON35,763Trending on ZerohedgeHouse Adjourns Until 8pm As McCarthy Fails To Secure Speakership After 6th BallotRickards: On The Cusp Of A Global Liquidity CrisisChina Calls UN Security Council Meeting Over Israel Minister's Al-Aqsa VisitWant more of the news you won't get anywhere else?Sign up now and get a curated daily recap of the most popular and important stories delivered right to your inbox.Today's Top Stories+Tech's rates volatility problemSource: RefinitivTech is the rate sensitive play. Bond volatility, MOVE, has remained trading stressed and this matters for tech. Note the latest gap between the two, but on the other hand don't forget volatility does not trend over (longer) time. Watch this chart going forward. MOVE vs NASDAQ (inv). 12 hours ago at 3:10Upgrade to PremiumContact Information+Assistance and Requests: Click hereTips: [email protected]: [email protected]: [email protected]: Click hereAbuse/Complaints: [email protected] Reading+Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" GuideIt would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure.Here's our Cookie Policy.  How to report offensive commentsNotice on Racial Discrimination. Discrimination NoticePrivacy PolicyDisclaimerAdvertise with ZeroHedgeCopyright ©2009-2023 ZeroHedge.com/ABC Media, LTD