an excerpt:
The government spent a year doing what they thought was right—stuffing the banks with easy money. The market rally and any economic stabilization and potential recovery were based on this financial engineering. Some would say the rescue was a necessity but in reality it was all built on economic kindness and cash. Needless to say, it was wildly successful with a market rally that roughly equals the biggest and fastest in history. But the very public attack on GS and Wall Street turns a friendly government into a hostile one. And if the markets have been built on the largess of the government then it makes sense that the era of market invincibility is over and the tone and tenor of the market must change.
If you enjoy the content at iBankCoin, please follow us on Twitter
But free money trumps all!