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[nimblebear]

Just watching the approaching 13/34 cross thats about to occur on the $NYA. Even if we bounce a bit, I think the market continues lower. Ben and Japan have shot their QE wads already. POMO is going straight to debt, and insolvency, so its basically a non-sequitor. The japan thing notwithstanding, none of the other downdraft related big picture things have changed. I think Bulls will be shocked as the dollar drops further, but the market doesn't go up. That will be final cognition on the damage done to the currency by QE. No place to hide now. Not commodities, not equities, nor bonds. And few currencies are worthy of consideration. Its a panic circular run from the Euro, to the dollar, to the yen, and back around again, as they each keep debasing. The yuan doesn't count. No amount of printing or QE has kept deflation from occuring in Japan now for a decade. Their debt is only 200% of GDP now. Nice result there japan. Smart money rode US stocks while the QE pump was priming it, but the priming ain't going to work anymore, since the engine is broke, and the spark plugs are saturated with wet fuel. Its like trying to start your 2 cycle snow blower and throwing more gas on the plug, as you keep hitting the priming pump. bens been dousing it now for eons, and still doesn't get that it ain't working. the only result is smoke. I believe the definition of insanity is doing the same thing that doesn't work, over and over. That is our Ben. He's standing in the driveway, through winter, spring, summer, fall, then winter again, and now spring, and still hasn't figured out that priming the pump, ain't going to start the snowblower. Meanwhile, what has the Dow done versus gold, since 2008 ? I think you get the picture.