Morning Post 09/27/11, SPX

HOPE reigns. Ah, we live in the glossy world where the governments will take care of all problems and issues. Hakuna matada mate. Never mind joblessness or housing or hunger or never ending wars or MENA issues or inflation or DEBT or liquidity issues or CDS spreads or bond yields or systemic risk or under capitalized banks - none of that matters. The governments and central banking will take care of everything. As long as the markets maintain acceptable levels and appropriate rumors are floating then all the issues will be addressed and all is well.

Makes you sick, but that has nothing to do with investing. Sadly we've moved from a Fed/QE driven illusion to a rumor supported farce (or BS as noted in a recent tweet). Which is worse? Bottom line is Greece will rear its ugly head again in a few months (actually they are not out of the woods yet as, again, we only have rumors that all is well). After the first bailout they made it a year, then after the second about 6 months, now it is almost a monthly issue.