T/A ETF AND INDEX

[capt_jmj]

Absolutely. Couldn't you tell from my "vicious bear attack" post this AM (btw, isn't he *cute*???)? Problem is, if the majority of traders and fund managers have bought into the idea of the dollar/inflation trade as a direct result of the Fed's policy of injecting fiat money to prop the markets via GS/JPM, we are fighting a losing cause. It won't be until *something* (the official demise of the dollar as the world reserve currency or clear evidence of a double dip on the recession) really scares the bejeezus out of these brazen bulls. Today's midday sell off didn't scare them a whit. Didn't even close the gap, and they bought it right back up. I keep saying that 3Q earnings may be the death knell that everyone has feared, but those numbers may be as cooked as anything coming out of Washington.