[quote=spdrun]And I’m arguing that the sheen is wearing off and rationality is returning, Fed or no Fed… hype is gone — people looked at earnings briefly, then saw the forward guidance and sold off.

And again, I’m arguing that it would have been a hell of a lot smarter for the Fed to invest in infrastructure as directly as possible — at least having new, clean, working infrastructure will buoy the economy a LONG time after new stock or property bubbles dissipate.[/quote]

Well ok… Um…Who are you arguing with?

I’m not suggesting that the markets are going to keep going up. I thought I was pretty clear I’m taking the stance I have no idea what the Fed or the markets going to do at this point, and short of having some stuff in index funds and sitting on cash, for me it’s been a crapshoot lately.

But i do enjoy wasting your time on the days that I’m not busy, just for the sake of wasting your time….I can’t wait until I retire soon and really have nothing better to do…