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`That's got to tell you the economy is in a pretty precarious state.''

That says enough. This a problem that took the most part of this decade to develop, and we're trying to alleviate all these ills overnight. People can't stand the end of booms and go crazy when they lose their jobs or see their wealth (or perceived wealth) destroyed.

No surprise here. I figured this would happen. That's why I actually bought shares in UYG(UltraFinancial) last Monday because the FOMC has been prepared to do anything to bail out these institutions and then the next day we got a 400 point rally on the FOMC expansion. Usually, the market is higher within 45 days of actions & moves like that, so I'll test the water even if it's just money created by the printing press.

It's sad looking at how accelerated these actions have been for the past decade. The Federal Government has been significantly expanding its power and influence. And, the Federal Reserve has been expanding and adding more influence and control over the markets and balance sheet of our country,

 

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