T/A ETF AND INDEX

[capt_jmj]

All this massive Government spending has to be paid for, and if we can't get enough sucker foreigners to buy the debt, then the Fed does (i.e. we buy our own debt and thereby devalue the dollar). It is the excessive pumping that will have to come back out of the market at some point, but their hope is that they can convince the sideline cash to come in to replace it. The question is, will the bulls bite or won't they? July was a concerted effort to try to convince investors that it was safe to get back into the water. I believe the catalyst for the next big leg down that you have been predicting erroneously for *months* will be piss-poor 3Q earnings.