The Fed "Mega-Put" is now protecting the markets from any down side action...OTHER THAN the inevitable "over-bought" conditions where the market masters simply must balance their trading books...but this is just technical...usually a sharp one day fall...followed by more "up side" for the traders to have fun with...
So the market really can not go down...and it hasn't been ...for a long long time.
Of course it can't go up either...because this is all a fantasy...cooked up by the Fed and Washington simply to goose Asset Prices...
And thereby "restore" America's "Asset Based Prosperity"....
All the real numbers will be punk...
Or at least as punk as they can be ---with 20 Trillion of newly printed money in the hands of the investment banks... All gratis from the Fed...!!
So...a protected market...with the BIG FED MEGA-PUT behind it...
But a downward trending "real economy" with punk "real numbers" for the indefinate future....
Some external event will be needed to restore "reality"....but that could be a long way off...
More churning...lots of talk...much of it gloomy because this recovery is all Bullshit Based...and everyone knows it...
But that's just the way it is...
