All Is Right In The Financial World.

Not. Welcome to nutcase heaven: 51 million unemployed, The Fed's balance sheet well on its way to 8 trillion with apprehension quickly setting in after only four days of tapering -- so guess what, that's the end of tapering. But The Fed can't keep it up forever. 

Now, let's move to market bifurcation: NASDAQ keeps going higher with lesser and lesser daily point gains, along with The S&P, while The Dow sinks. That means The Fed's next trick pony will be the inevitability of buying stocks directly. Titanic lifeboat time!

Meanwhile, investment and money-centre banks are already insolvent with bank stocks taking on only a 35% down draft  that has Dimon worried and unusually fortright.

Then this gem: 33% of companies filing for bankruptcy protection handed out bonuses to those sub-par executives and management...

But not to worry, while all other stock indices tanked in 2000, 2008 and 2020, the NASDAQ continued to rise -- until it finally didn't. I'm long out so for those of you still in, enjoy the ride until you don't. A 70 to 80% drop is not far off. Greed is winning out over fear in a foolishly complacent stock market. In the end, panic beats 'em both and is presently warming up in the Green Room.

As a result, what kind of a recovery are we in for? It's called an L. Sorry about that, but that's reality.