ajtj99's Market Pulse

[otraque]

I am getting the prevailing view that market is holding up to shocks on FAITH that "Big Daddy" will loosen money supply and let the Casino go wild.
Knowing the powers in the Fed and on the Fed believe in printing money super fast and loosening money supply in crisis, i am biased towards an insane let the greed flow, let the asset inflation continue.
Spend spend spend, forget debt, forget saving look how rich you are, with that house and , hey now the stock market is starting to rocket.
I am seeing once again the Fed setting up for a massive "wealth effect" fantasy that will be blown apart in 2006 and do this by simply making credit so easy now.
I ask when has the Fed in the past decade refrained from not resorting to massive use of the paper money printing press when under any duress???
Market is holding up because Fed has trained the pavlov's dogs to believe investing into disaster is GOOD.