When the force of nature unleashes her power, there is NO STOPPING IT! The fury of this financial crisis has been exasperated by the continued and repeated efforts of the Fed and Congress, who have the audacity to believe they are in control, in manipulating legislation and interest rates in an effort to keep a falling star from falling.
My brain is simply too tired to write but I'll take a moment to point out of few things as best as I possibly can.
First, the credit crisis is a symptom of the disease, not the cause of it. The mortgage default crisis is also a symptom of the same disease, not the cause of it. Cause and effect here, as always. The symptoms are the effects of the cause which is the disease.
The ridiculous actions and manipulative measures of the Fed and the Legislature is simply an audacious reactionary attempt to control the effects/symptoms of the disease, like a dose of morphine, but does nothing to provide a cure! They are "stupid flockers" (what I've dubbed a group of fools who band together, like a multitude of tentacles extending from the same foolish blob of thought). The stupid flockers cult do not have the experience and ability to recognize the symptoms yet alone diagnose the disease so they can hunt for a cure.
And those of you blind mice following the stupid flockers in your trance-like state ARE PART OF THE PROBLEM! You're no different than a rampant case of staff infection in the operating room!
As I said, my brain is tired right now, so my choice of words and expressions are a bit sloppy but, none-the-less, they are still on point. And while I may not be a market expert, far from it for I actually do not like money very much and it turns my stomach so to take the time to understand the system is akin to the artistic student having to do a thesis on economics or the economics student having to do a thesis on color coordinating, but I'm intelligent enough to look at the situation as a whole and clearly see where it is severely flawed and how all of this manipulation will only make things worse.
We've infused the market with hundreds of billions, $630 billion just prior to the bailout failure the first time around and what did it do to the market? The market dropped significantly. We then approved 1.5 Trillion in bailouts and what happened to the market immediately following? It tanked. Now, there's been a global interest rate reduction and what did it do to the market? The DOW is currently down close to 9300 or -140ish and it's only 8:40 AM.
When a tornado is ripping through your home, do you think that sheet of plywood you're standing behind will help you or hurt you?