Bernanke out by August, QE ends, rates up: Crash

Bernanke out by August, QE ends, rates up: Crash - Paul B. Farrell - MarketWatch:
"The Fed “won’t be able to keep a lid on interest rates forever.” So “large money managers such as BlackRock, TCW Group and Pimco are getting ready for the day when rates take their first turn higher. It isn’t coming anytime soon, these investors say. But when it does, they worry, the ascent will be swift and steep.”

Get defensive now, start preparing for a crash ... later is too late

Get it? Rates will go up. Way up. Very fast. 
And America’s 95 million Main Street investors will be unprepared. Markets will crash. Like 1994’s 24% bond crash after Fed rate increases, notes Wirz.

The big players say the crash “won’t happen soon.” Don’t believe them. They’re betting with trillions. And they are hedging their bets, already preparing for “when rates take their first turn higher,” because rates will soar “swift and steep,” and when that happens it will be too late to prepare."