Every hint of a taper makes the US stock market sink. Consumers are still losing income and can't power a recovery through spending. Read what I wrote back in June about the BIS's finding that central bank monetary stimulus in the world's largest economies is the only thing moving stocks, bonds, and housing higher.
Bubbles are fun to ride on the way up. Timing the popping is impossible. I've avoided this mother of all bubbles and many of my peers in town have not.