The Fed and the Corporate World understand that there is NO economic recovery. They need to keep feeding this bull market with plenty of accommodative easing or this bull will die. The Fed will do whatever it takes to maintain this by cutting rates to near zero and below so as to spruce up the economy. However, these conventional policies that are being applied by the Fed will not work…seeing as the deflationary forces have gained momentum. Global economies cannot sustain rate hikes. They will continue to use expansionary monetary policies, indefinitely.
The Fed will no longer remain the lone wolf Central Bank by keeping interest rates from going negative. The New Zealand Central Bank went through this same cycle last year, when its economy could not sustain a rate hike. Consequently, this resulted in a quick cycle of rate cuts.
The herd mentality is now at the stage where they must accept this as the new norm. They want to keep this illusion alive and do not want to deal with the reality.
When the Fed does implement negative interest rates, the stock markets are going to soar so high that it will probably even shock the bulls. Thus, this is the reasoning that the market will not currently crash, but will experience sharp corrections. In this current market environment, I now recommend putting your money into precious metals.