I’m am utterly amazed.  Oil at $80/barrel, gold at $750/oz, US$ in the gutter, banks in subprime meltdown, economic reports all bad and the markets rally on the hope of a fed rate cut.  There was a time when investors took a holistic view of the financial markets and economic data to make investment decisions but now it all hinges on cheap/free money from the Federal Reserve.

“Will the Fed give us free money or will we have to pay a nickel for it this month” is basically what investing in todays market has boiled down to and I am jaw-dropped amazed.

I’m taking this opportunity to short the market even more and will likely pickup another 700 shares of DXD or SDS.  Let’s face it, there is a big smelly dead whale sitting outside Wall Street and people refuse to see it, smell it, touch it or understand it and this will bring mayhem.