For those confused why the market is reacting like a stung bee to today's announcement that contrary to Jan Hatzius' expectations, Twist may not be extended (at least not before we get a 20% market correction), here is where all, repeat all, market "growth" has come from in the past three months. Hint: $2 trillion in central bank easy money. Because the ECB is now shooting blanks, the Fed will find it difficult to ease so close to the debt ceiling farce, and the BOJ is irrelevant. And if the spigot is shut off, watch out below.
http://www.zerohedge.com/news/and-reminder
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The addicts are addicted, they can't stop, or they will die. Crazy as it sounds, that's exactly what needs to happen to get anything that resembles a recovery...................
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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