CLEARLY THE WAY MONEY IS "SLOSHING" INTO THE ECONOMY IS WITH THE FED PUT...SUPPORTING PAPER ASSET PRICES...
THE EMPLOYMENT PICTURE FOR WAGE WORKERS IS BLEAK...AND GETTING BLEAKER...
THE ONLY SOURCE OF "INCOME" IS THE STOCK MARKET...WHICH IS BEING "GUARANTEED" BY THE BERNANKE PUT...AT THE EXPENSE OF SAVERS...
THE BERNANKE PUT...AFFIRMED BY BERNANKE JUST THIS WEEK...SAYS ESSENTIALLY...IF THE NEWS IS BAD...WE WILL SUPPORT THE MARKET...IF THE NEWS IS GOOD...THE MARKET CAN RALLY...
IN SHORT...STOCKS ARE NOW A "CAN'T LOSE" PROPOSITION...!
OF COURSE THERE ARE ISSUES...OIL PRICES FOR ONE...EUROLAND...AND THE MASSIVELY TOXIC EFFECTS OF A MARKET THAT IS TOTALLY DEPENDENT ON THE CENTRAL BANK FOR SUPPORT...
WE KNOW FOR SURE THAT THIS ENDS BADLY...LONGER TERM...
BUT THIS IS NOT ABOUT THE LONG TERM... ITS JUST ABOUT GETTING THROUGH THE MARKET DAY...
ONE DAY AT A TIME...
