Actually, the Subject line should have read, spend your money. Because Bernanke is spending your money, your kids' money and your grandkids' money. And when it comes time to unwind his nonsense, prices will skyrocket. Inflatation will shock you to your very core of being.

Here are a couple of emails I sent clients this morning. . .

9:30AM

Obviously, what happened yesterday was a kick in the groin to me . . . and totally shocked me. There was really nothing new in the Fed announcement from what they had already signaled. As for what we do no? I really am no sure. If we close out and run, and then this market turns, we will be in sore shape. I prefer to do what we have in the past when this happens, and sell to meet margin calls . . . hang on, and wait for the turn. For now we just need to hold off making any decision to sell out and take the losses we have on the books now. My 780 line in the sand was shattered and we are now at 794 with an opening that will push the number above 800.

This is nothing short of a horror show for our country. Instead of letting banks fail, the Fed just pumped in more steroids. I'm just now sure how much more they can pump in before a total collapse.

11:30AM

For all the emails, I wish I had the answer. I tried our best to figure this out, and we took a more conservative approach on this UP and DOWN cycle of the roller coaster. But just like a new roller coaster, there were some new twists. Even though my single prayer every day for me, is nothing more than wisdom and discernment, there are times we just don't know what is going on. I do know one thing. All of my answers are in the Bible, and I have yet to hear my Pastor speak, without me taking away some wisdom. Last night was no exception. Pastor Paul used a quote from Edward Morrow in our Wednesday night Bible study.

Anyone who isn't confused really doesn't understand the situation. - Edward Morrow

Morrow said this about the Viet Nam War, but this applies to what is going on in our country right now. We have the Fed doing one thing. We have a former Fed guy, and tax cheat, running the Treasury . . . and he's got his own plan. Then we have Larry Summer whispering in the President's right ear and aging Paul Volcker reminiscing about the past in the President's left ear. And let's not forget Emanuel and Axelrod tugging on Obama like two little kids looking for candy money for their friends. And . . . we have our Congressmen and Senators doing everything before they even read what they're doing . . . and everything must be done NOW or else the world stops tomorrow. Obviously, ALL of these people have been dead wrong.

So if you're not confused, you don't understand the situation. Obviously, Bernanke is confused, because as a student of the Depression, instead of learning from what we've been through he's ratcheting things up to a new level that will take us far beyond the pain of the Great Depression.

Market Update - I'm confused and dazed. I'm not pulling any triggers, with the exception of my very high risk account, where we are adding to our shorts and PUTs. Other than that, if you have the tolerance for more pain if they rally the markets, I'd still feel confident that we are at or near the top for this segment of the roller coaster.

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