Afternoon Delight 01/25/12 - The Beginning of the End

The Feds announcement today and the stock market's reaction to it signaled to me that reality truly no longer exists. Fair, random walk, DOW theory - you can throw it all out the window. For those that have not been on the manipulation train for the past two years and do not believe in such things, I have a feeling that you will not  awaken from your slumber till it is far too late.

What the non-believers see is a rising market and an economy that is "recovering" on most "data" points. What non-believers don't see is reality and that the Fed told them today that all is not well. With the Fed seeing "exceptionally low rates thru 2014" does not sound all that promising does it? "Housing remains depressed" is not good. The Fed reiterating "Significant downside risks" does not sound so hot either. What does ring loudly in the ears of the bulltards is "Fed expects to maintain a 'highly accommodative' monetary policy" and that is all that matters.

The flow of "funds" or "QE" or whatever fiat forces that make it from the Fed to the markets that lift and give the illusion all is well in the markets has blinded (intentionally) the bulltards. The fact that the Fed is monetizing debt at an exponential rate to keep the banks open and the system alive means nothing to the non-believers. They believe that the recovery is real which is the farthest possible position from reality. But the bulltards keep making money and with every tick higher they become more bold in their belief all is well. This is just what "they" want, welcome to the trap.