Every Silver Lining Has a Grey Cloud

It's looking like it'll be one hell of an open for the market thanks to the US Fed futzing around where they don't belong. *update - and it was.

Somewhere down the road, this is going to bite people in the ass. The proposal for the Fed to provide financing for banks in exchange for equity (ie.- government can buy bank stocks), and that the government gets paid out first and foremost is disasterous. I say "hello!" to my comrades in the south! Not only does this mean further government ownership of formerly independent financial institutions, but that all other stakeholders in those companies can be royally screwed.

The herd needs to be thinned, and instead the Fed is going to feed them bad carbs and fight off the natural predators for them.