"Dream if u can a courtyard
An ocean of violets in bloom
Animals strike curious poses
They feel the heat
The heat between me and u" - Prince

Buzz about a well known dove being elevated into a prominent position at the Federal Reserve had tongues wagging this morning. There is no doubt that equity players are striking curious poses over the thought of low rates into perpetuity. Janet Yellen is apparently President Obama's choice for Vice Chairman at the Fed. This is the same Janet Yellen who recently said that the economy still needs support from extraordinarily low interest rates. The market might be considered a forward-looking mechanism but the fact is that it trades on minute to minute circumstances and could care less if faulty Fed policy sends the economy over a waterfall in a wooden barrel.