I think there will have to be qe3 and an excuse for it, notice the deflation scare we are in at the moment. The oil prices could be an excuse if they stay elevated. The fed is respnsible for 3/4's of the treasury purchases and they can't raise rates. That's their prolem, they can't tell people they can't raise rates.

As long as they are letting them eat cake and the 401 k's are improving all is well, it is hard to believe though that this thing doesn't crash again. The sides of the boxes seem to be closing in. A friend told me that they will one time soon pull a badger out of their magical hat instead of a fluffy everything is ok bunny. I think they would rather have a fight over another round of qe than the explain a 40% crash in the markets again that will enrage people.

We then have the option that some type of hyper inflation lifts the dow to some extreme level and people feel okay although Americans will only have purchasing power in side the borders.

We are certainly in a time that just about anything can happen, tomorrows day of rage will move things one way or the other based on the turnout. I think today was a minor freak out day for many. I own too many to go to cash totally but will take some profit more often heading into may. Still think we will get a move up in metals that lasts 6 to 8 weeks. By then ending of qe will be full throttle with the talking heads, and i will have to revisit all my thoughts.