NEVER HAVE THINGS BEEN SO GREAT ...AND SO DISMAL...ALL AT THE SAME TIME.
BASICALLY THE FED IS GIVING WALL STREET ANYTHING AND EVERYTHING IT WANTS...AND THEN SOME.
AND THAT IS THE PROBLEM...
THERE IS NO DISCIPLINE ANYMORE...IT'S ALL TOO EASY... THE MONEY THAT IS.
THIS IS NOT THE MARKET AS "JUNGLE" WITH THE SURVIVAL OF THE FITTEST...
THIS IS A MARKET AS A KINDERGARDEN.... WITH PAMPERED TOTS THAT DON'T REALLY KNOW WHAT TO DO NEXT...
THE BIG DADDY FED KEEPS FILLING THE PUNCH BOWL AND BUYING THE BOOZE... AND THE KIDS JUST KEEP PARTYING! THERE IS NO MORAL HAZARD ANYMORE...
THE DOWNWARD PATH IS CLEAR ON THE MACRO LEVEL.... YET THE MARKET KEEPS "SURGING" BECAUSE IT'S "SUPPOSED TO."
THERE IS A SERIOUS DISCONNECT AT THE FED AND ON WALL STREET FROM THE REAL FIX THAT THEY ARE IN...
