And as we said would happen…the Fed now intervenes!

Saint Louis Fed President James Bullard says Fed should delay ending QE!

With that, the Fed is now targeting the market again. A statement like this is not by chance…it is by choice and it is on purpose.

We hate Central Banks…especially our Central Bank that believe they are omnipotent and believe they can engineer economies and markets forever. Well, forever is a long time. For a few years, these unelected %#%@% have rigged markets, distorted price and yield, killed savers, created more bubbles and enabled massive leverage. As we have stated, ULTIMATELY, this is a toxic cocktail that has always lead to busts. We are in hopes that this time is different but there is too much precedent to ignore.

As we write this, markets again are defending yesterday’s lows and just rallied furiously off of this man’s words. We hope and suspect with the markets soooo stretched and oversold combined with the Fed ready to QE5,6,7…that these lows hold for now. After all, 1100 Dow points in 5 days should be enough. Keep in mind, any potential bounce would only be working off some of the recent vicious drop. The major trend would not have changed.

Again, the Fed has blinked. The Fed has juiced markets since the lows. We had better not get to the point where markets extend a certain finger back at them.