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[James Quillian]

There was a time just a few years ago when almost zero percent believed there was any official or unofficial affirmative action being taken to prop up stock prices. Now even the Fed chairman has no problem at all talking openly about it. Now when even minor league news announcers cheerfully talk about what the Fed might do for the stock market, the Fed no longer has the power to move the financial markets in the way they used to. I am betting any major announcements of “help” will actually trigger a huge selloff. If a selloff has already started, then the selloff will accelerate. As of today, I am down 3% for the year on my portfolio of 50+ short poitions. I still feel confident that the world's capital markets are all but destroyed and will collapse in a big way.