Now that the Fed, US Treasury, Congress, SEC, and Wall Street have all conspired to keep the market afloat, the only logical thing that can happen next is a market collapse.   I’m guessing that late September or perhaps October will result in a dreaded “black __day” event.

I’m wondering why the new housing bill didn’t include a provision to shore up FDIC.  If the Fed and Treasury want to protect the banking system, it would seem the best way would be to boost FDIC reserves.   Oh well, I expect some more banks to fall this or next Friday.

Be careful out there.   I’ll try to sell out at the next big rally.