February 4 was a terrible day for key stock indices. The S&P 500 and the Dow Jones Industrial Average plummeted by more than two percent each and broke below important support levels.
That day was also Janet Yellen’s first day on the job as chief of the most important central bank in the world.
Was Wall Street giving Yellen a message? Was that message, “Think twice before pulling back on money printing”?
While the severity of the sell-off in the stock market in January and into February of this year has caught many by surprise, to us, it was one more of those “I told you so” moments. And it should have been of no surprise to our readers at all, since
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