Fed’s Lockhart doesn’t rule out rate hike as soon as September

Lockhart said the Fed is watching for signs of overheated financial markets. 

“At the moment, I would say they [asset valuations] particularly deserve watching because they are relatively buoyant or relatively high,” Lockhart said.

DYI Comments:  Relatively high? Its a bubble!  Correcting the Shiller PE10 for elevated profit margins regressing back to their mean PE10 is at 34 only eclipsed during the Great Insanity market top of 2000!

As of 8-2-16 PE10 is 26.77

The Fed's never see bubbles at least publicly.  I doubt they will raise rates nor does the futures market placing the possibility of a rate hike at a very lonely 15%!  It is to the point where it no longer matters whether rates go up, go down, or stay the same poor market returns are baked into the cake.  It matters to speculator's; not our "cup of tea" here at DYI.  DYI are very long term value players and will remain so!

DYI