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Message: Warren Bevan Weekly Letter

Is the Fed the great Satan? Guess it depends on the time frame. The Greenspan Fed was a main contributor to the mess with their extended easy money policy during the obvious housing bubble. Bernanke simply got stuck with cleaning up the mess - he was forced to choose between Great Depression II and massive stimulus. Bernanke is famous for his study of the Great Depression - for him, the choice was a no-brainer.

Massive stimulus tends to stimulate a stock market. Seems rather obvious, but a lot of people did not grasp this, and figured that after a dead cat bounce the bear market would resume.

Dalio says a year - that seems about right, but a major correction is likely in the third quarter of this year, methinks. I don't like holding stocks during major corrections, so 'll be working my exit strategy by May or June.

My computer's been good since the last crash - a lot like market I guess, lol.

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