The ‘Nank Flexes His Muscles

It’s not hard to understand why so many people actually believe the stock market will continue to move higher indefinitely, or that the Fed will hold The Second Great Depression at bay for as long  as it takes. Just look at how a little gratuitous blather from the ‘Nank stirred things up on Monday. Even gold and silver rose on loose talk concerning QE3. It’s not as though, without calling it QE3, easy money were not already ratcheted up to a thousand-year high.