I'm not sure it is so much a shot across the bow as a realization that events outside the feds control can change the market place in short order. ie. the black swan event.

If the fed paints it's self into a corner (as it has done) and has limited options to react, it is as much a bystander as anyone.

I agree with Jim Sinclair, there will be QE2,3,4,5 to infinity.

The deflation in homes will continue to crush the US market...and we are in a debt contraction spiral. But the only tool the Fed has is more debt and money printing...and that is exactly what we do not need.

I expect the US dollar to continue to fall slowly at first and then break lower.

As Coach just laid out i also buy weakness and sell strength...but not just in stocks.

Every time I go to the store, I buy more then I need of sale items... I know the next time I go to the store the prices will be higher and sometimes much higher...

It's just another investment to protect my way of life.... a six pack of 1/2 gallons vodka...a case of wine...extra bags of coffee... 25lbs of rice or beans..it all adds up. When the dollar falls...I'll just keep on keeping on...

Heck I'm learning how to bake bread....