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Ben Bernanke's "Great Equity Herding Machine."

I didn't call him "Buy Equity Now" Bernanke for nothing.  That would be two months ago which does include a down August...so while we've recovered "we're not there yet."  The problem is that "an unintended consquence of this particular form of money printing" is that it is forcing us all into equities (God forbid if you don't have any, right!.)  What other asset class can we actually preserve capital in?  Risk is ALWAYS on now.



Disclosure: still long the market as "resistance is futile"