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The number of traders who beat the indices soundly over both Bull and Bear markets are very few in number. The Bear’s broken clock is finally right. Those clock hands stuck at midnight–well, it’s finally midnight.

Surely the Fed gods will affirm the cult’s most revered articles of faith. But false gods eventually fail, even the Fed. Every once in awhile the zeitgeist sets up an either / or: either the zeitgeist is crazy or I’m crazy. (OK, let’s agree I’m crazy; see, it’s not that hard to find something to agree on, is it?)

The Empire is striking back, protecting what really counts, and the Billionaire Bubble sideshow is folding its tents. One of the most enduring conceits of the modern era is that the Federal Reserve acts to goose growth and therefore employment while keeping inflation moderate (whatever that means–the definition is adjustable).

Here’s “politics” in America now: come with mega-millions or don’t even bother to show up. Representational democracy–a.k.a. politics as a solution to social and economic problems–has passed away. It did not die a natural death. Politics developed a cancer very early in life (circa the early 1800s), caused by wealth outweighing public opinion.