All Time High

The Dow Jones Industrial Average has hit a new all time high, 14,300. The S & P 500 is also close to a new all time high at 1542. Congratulations Mr. Bernanke, you have done it, you have shown the world how a central bank can continue to print money and force assets up, similar to a bubble but if it run by the government it must be good, correct?  All pessimism aside, I hope somebody is making money off of this rally outside of the primary Fed dealers.  Everyone I have spoken to is sitting on the sidelines because they don’t trust a rigged market.  This new market high is also not doing the President any good either.  He needs a good old fashioned sell off to show how these evil sequester cuts are killing the fragile economy.  Hugo Chaves died yesterday and I wonder how things will play out in Venezuela, more than likely another military dictator that will do his best the people.   There is a new frightening development with our own US Government.  It appears that Eric Holder, US Attorney General, believes that under certain extreme circumstances that it would be acceptable to us drone strikes on US soil on US citizens.  This is an outrage and I implore everyone to contact their Congressional representatives and ask them what happened to due process in this country.  We are watching the Constitution being ripped to shreds in the name of our safety.  So everyone who has been clamoring about their rights to bear arms out to make sure they understand that you can bear your arms but if you are deemed a threat the government believes it doesn’t actually have to prove you are a threat before eliminate you.