With the Dow plunging below 13,000 this morning - one must wonder how long they can wait to announce additional Fed money creation . . . which may not even work at this point.

Dow 13,000 is roughly the inflation adjusted equivalent of Dow 9500-10,000 in 2000. The Dow traded in the 11,000 range during much of 2000.

Even after massive financial stimulus and the removal of Dow Components AIG, General Motors, Citigroup and others since 2000 . . . the Dow has still fallen on an inflation adjusted basis since 2000.

I am of the opinion that the general public does not appreciate the enormity of the challenges at hand . . . for a nation that continues to be very polarized.