The medicine and the cure

So, I've single-handedly devised a plan to get us back to 1400 on the S&P. As we've seen from today's equity market action, the historical filing of a major, iconic American company with a healthy dose of government participation is worth a 20 point bonus on the SPX. Alright, so from 940, all we have to do is have Uncle Sam file 26 more similarly-statured companies and watch the fireworks from there. Our 401ks will be refilled in no time.

I thought this exchange on Zero Hedge was pretty post-worthy:

"If that move were to the downside we would have a congressional hearing by 11 AM on Monday to discuss emergency implementation of the uptick rule."

"It sounds like you may be too emotionally invested. Yes, of course there would be a Congressional investigation if the reverse had occurred. So what does it tell you that in a so-called representative republic, our elected leaders merely sit on their hands, secretly cheerleading the market action? The way to answer that question is to view the USA not as a citizen, but as a 3rd party evaluating another country. If that country's previous economic expansion was fueled not by innovation & production, but rather debt leverage & asset inflation, you might have stayed invested until you figured it was time to get out. Now, once you were out, would you re-enter the market if the country, rather than reform itself and embark on a new period of investment & productivity, had simply abrogated certain laws, including its very own Constitution? And in doing so, had allowed key political & industry insiders to manipulate critical economic features such as the currency & public debt all motivated by one thing: re-starting securitization ie the debt-leverage/asset-inflation cycle. What would this tell you about that country and its long-term prospects? I think the answer is obvious; play the game in the short-term, but look out for rivals. I think Jim Rogers is spot on - this place is toast and doesn't have much life left."