Sadly the author is right. However, many people are already so sunk into the status quo they are paying to get their lunch eaten as they invest in mutual funds that are taxed and rigged with exorbitant fees. Stocks are bad when buying in a market that is over 5 years in an up cycle, but adding insult to injury by paying fees and taxes on top shows just how stupid those in the market really are these days.

The markets moved up on more easing but it is bad policy given they need decent rates to lower them when the downturn finally arrives. Zirp policy globally will help extend the downturn but leave the world in a mess when it finally comes.

Today like yesterday there were few sellers or buyers. The low volume is a problem that is much worse than the actual stock prices. I prefer a declining market on high volume to a market with few players doing any trading at all. It's not healthy at all.

Companies should be barred from stating earnings and balance sheets under non-GAAP. The authorities should deem such discussions as purposely misleading to investors, especially non-qualified investors.

Precious metals seem to be the only thing not devaluating versus a strong dollar these days. The issue is the dollar is expected to get stronger as the lack of growth in the US becomes as apparent as the Fed's inaction implies.

LOL that's what investors get for buying stocks with absurd multiples. I think it's called the greater fool theory and it looks like there were a lot of fools. Sadly, TCS is just the tip of the iceberg of greater fool priced stocks waiting to implode. That's what happens with a extended economic cycle with a stock market supported by zirp rates and very little economic growth.

There are a number of reason the Fed refuses to tighten the least of which is for sound economic reasons. 1) The Fed is incompetent and should have raised more than a year back if not several years back. 2) It's bad to raise at the end of a market cycle however these are economic reasons.

More to the point is 3) Yellen is incompetent and unable to do anything but loosen which may inevitably lead the US into negative interest rates or a QE hole like that of Japan.

4) The Federal Reserve is playing politics and doesn't want the cycle to end until the Presidential election. Thus they are the biggest force now in electing the President over anyone else and expects to get political kudos for being just this.

5) The TBTF banks want not just zirp but want more QE so the central bank will enrich them yet again by buying assets above current values to make them wealthy at asset holders expense and shift the risk onto taxpayers. The best way to do this is keep rates at zirp so when the economy turns down they can argue this is the only thing they can do to help America, lol.

6) The Fed is no longer following any economics and basically has no economic model or belief, thus leaving itself to do whatever serves itself and the TBTF banks that dominate it.

The Fed's claims its doing everything to help the American people is simply a lie. They do what helps them at the cost to retirees, those that save, and those that borrow too much and will pay dearly like the last recession for following their siren call to indebt themselves.

The best way to manipulate the market is at the close or shortly after the opening. However, the close is usually used by financial companies and those with big stakes in the stock market to help maintain their balance sheet. The big buying bulges are usually the Fed or some government who want to halt a decline or stimulate a run. Both should be taken with an ounce of incredulity.

I think it should be more like the lows will be revisited. Even the Fed realizes that the "growth" they were referring to is more like the opposite of growth as the economy slows down. The Fed has made a nightmare of economics by afflicting our economy with zirp rates all the way to the end of the economic cycle.

Great graph showing the crux of the problem in labor income. Despite calls of a recovery and resurgence of jobs that is simply not the case leaving a vast amount of disenfranchised young people with nowhere to get work. As automization takes hold it will get even worse. Our last chance to fix things was the last downturn where we had a choice to change our economy to fit with the modern times, but we chose not to fix it and to cover it up with stimulus, bailouts, and Fed zirpiness coupled with QE. Now we are stuck in Japan's style QE mess which means our own lost generation. Feel sorry for the youth. The current generation will have to pay for the baby boomers retirement. But the next generation will worse off as it is saddled with a dead economy with very few jobs.