Fed farce continues
By failing to even hint at raising rates and allowing the dollar to weaken further,the Fed is telling you that the "economic rebound" is only an illusion.The economy would falter if the stimulus were pulled and rates even rose to 1-2% levels of accommodation.The banks continue to hoard money that is available for nothing ,and borrowers either don't want it or if they do can't have it.My strategy continues to be short the Russell 2000 through TWM (double short)which is up 15 % since my move on the day of DOW 10,000 euphoria and RWM (single short) which is up by 1/2 that amount.Today looks like an up day based on the great news that we only lost 512,000 jobs, so I will probably add more on the drop of the short indexes.I am long a couple of selective positions as a hedge that I feel will do "less worse" than the overall market.