NO FEAR

After listening to Bloomberg and CNBC commentators and guests all week, a commom theme was running through their message....."DO NOT FEAR A CORRECTION" even if one was overdue. The reason given is a major correction is not possible if even less liekly with the Federal Reserve pumping a continuous $85 Billion into the market each and every month.

Even as margins compress and earnings growth has slowed to a crawl, even as it is obvious all this pumping and humping hs not materially gotten into the real economy, continue as you were...NO FEAR.

If you cannot print your way to prosperity, why do they persist?  Because it is IN FOR A PENNY, IN FOR A POUND mentality, influence what you can and hope it trickles down into the general good.

What is actually happening, is these policies are enriching those who are already rich, those who have a large portion of their wealth in common stocks. It must be nice for those like Zuckerberg of FB fame, can peel off some shares and put some more $BILLION in his pile, and know he has
609 Million more shares to play with. And to think many complain when a pro athlete gets a $100M contract over 5 years.....if this isn't pure obscenity, I don't know what is.

Those INSIDERS with those MILLIONS of shares, and the company has declared dividends, they get to cash in and only pay 15% tax rate. Now many companies have decided to SHARE in their cash hordes with the investors......but the avg Joe may have 100's even 1,000's of shares of a given company....those dividends are not making a big difference in their economic lives.

The GULF between the rich and the poor middle class has expanded to a divide not seen in decades.

There has been only marginal recovery in Consumer Sentiment since the 2009 lows, this has been in many circles the weakest statistical recovery ever recorded....just NOT in stock prices.

SO the FED has targeted risky asset price appreciation (as has Euro CB'S and JCB), and has supported such with QE and now a whopping $85B a month. in asset purchases, even though stock manipulation is not in their mandate.

The TWITTER stock swoon, and minutes later recovery, is a microcosm of what is wrong and what COULD happen in the future facing investors.

There was NO TWITTER PANIC, the so called panic was just computer trading programs reacting to certain taglines they picked up in the news, the Twitter faked up release about the WH......this is what awaits people sitting idley buy and riding the BS rally for all its worth....when the MUSIC or manipulation, when the FED is forced to stop priniting money at an $85B a month clip....the false SUPPORT for the stock market removed will cause a horrendous crash. IMHO

D