Holy smokes Batman, I'm wrong again!
So, I deliberately tuned out the fED yesterday. Looks like I made another bad decision. D'OH!
I feel violated. LOL!
So, four years ago (or was it five?), I was laid off, and had to sell all of my 401K holdings and convert to an IRA. At that time the SPY was about 153, near it's all time highs. The market was going straight up and not allowing any entries on a pullback. I plunged forward and started rebuying positions at the all-time market high. Over the next 18 months, I bought all the pullbacks until I gave up at the bottom. Unfortunately, I panicked at the low and went to cash, expecting a continued drop. I lost half of my retirement money.
Burned and bitter, I stood by as the market began climbing. I thought it would go lower, and have never gotten back in with more than a third of my funds. Well, once again the thieves manipulate the game, and steal from the naive. They have now brought it back to within 10% of the all-time highs, and have now instituted more government manipulation of markets.
Oh, so NOW I need to be 100% back in with the 50% of what I had before, while gas prices are at all-time highs, and iterest rates are at all-time lows. My savings have been decimated, the purchasing power is weak and getting weaker.
I represent the other side of Government manipulation. I'm the white guy that worked hard, sacrificed and saved, and drove an old car with no a/c because I knew I couldn't have everything, if I wanted to get ahead. But, since Obama and ACORN, and all those do-gooders forced banks to lend to poor credit risks, the housing market tanked and led to the problems described above.
What program is in place to bail out the guy that followed the rules, who was a good credit risk, and got scammed by the V-bottom? Before I knew what was happening, the government had taken half of my wealth from me. Now it's gone forever.
Now that Bernanke has gone all-in with his dollar destruction plan (as if this isn't engineered to get us all on a single currency. hahaha), we are at the mercy of government manipulation forever. Will they be in the market today, or won't they?
They are forcing us to play in this manipulated, rigged game, lest we sit idly by until our savings are worthless. I feel like I'm blind-folded and walking down the plank with a bayonet to my back and the promise that at the end of the plank I will find a buffet of fresh and delicious food to eat.
Eliminate the dual mandate immediately. If we can fix this situation, the government needs to go back to protecting our borders and that's it. The creature from Jekyl Island is a monster out of control. It IS time to panic now!
MF4
