my concern is the crap that rump would do about it. More than likely anything he does will make the situation far worse.

The FED did exactly what they had announced WELL in advance that they were going to do. People overreact to nearly everything and since people make the decisions that send the market where it ultimately goes, the market overreacts to everything. The market got TOO bullish because the people trading it got too bullish. The temptation to squeeze shorts was just too good to pass up once the market became overextended. The market had to pay the price for its excess. Then, like a bunch of crying babies, the participants started whining for the FED to extend it an olive branch. The FED's mandate is NOT to support the stock market. The FED did what it had announced it would do. A few years ago, the market started whining about FED surprises. The FED responded with a greater amount of transparency and started telegraphing its moves. The funny part of all this is the notion that higher interest rates are destined to kill the market. Historically, we are not even close to prohibitively high interest rates. And the market has a history of RISING (regardless of exceptions) with rising interest rates because the demand for money increases as the economy strengthens. The players got spoiled by rates at of near ZERO for so long they forgot what normal rates even look like. Once a lot of states and local governments start going belly up because the historically low interest rates killed their pension assumptions, you will figure out one of the reasons why the FED did this.

No surprise there, I read somewhere he is richer than all previous presidents combined.
And he is pushing tax breaks for the very rich (his friends).

floating rate notes out standing that we know of. So far some one posted a Cost to service increase of several millions.

Insana interview was a bit interesting. He is a so called free trader and a Libertarian like Greenspan. Listening to his comments gave me cause to think,the Recession is on us in real time. And of course he tough's the long horizon bull crap when the majority of this Nation lives week to week and have zero interest in his long term market.

Here is something that is telling,Bershire Hathaway just went into the bond market at the tune of 950 million of fixed rate to replace the like amount of variable rate underlying bonds and notes.

"Here is something that is telling,Bershire Hathaway just went into the bond market at the tune of 950 million of fixed rate to replace the like amount of variable rate underlying bonds and notes."

That is quite telling! Invest accordingly!!

which have taken a beating since October. But,still the best performer with their Triple up over five years.

Again,looks like it is bond time,will be dumping stocks and buying bonds next week. As Buffet says,do not follow the herd.