Stocks Sell Off 440 Points in 19 Hours

WALL ST BANKERS DECIDE TO TAKE THE MONEY AND RUN!

In it's statement following the Board of Governors meeting yesterday, the Fed said nothing about ending its free money eternity program for Wall St. But in his press conference, Ben Bernanke suggested that he would begin winding it down by the end of this year.

The Dow declined 207 points. And now today, it's down another 240 points so far.

Interestingly, the Wall St insiders are seeing the writing on the wall, and have decided to "take the money and run" by exiting the market. Will Main ST Americans do the same? Historically, most won't. So instead of "taking the money" they will be left "HOLDING THE BAG".

If you have money in the markets, it may be wise to take some money OFF the table. A word to the wise is sufficient!

Strangely, even Bubbles Bernanke was surprised that the bond market sold off as well. Interest rates rose SHARPLY yesterday. Gee, any guesses on how higher interest rates will impact residential housing (bad), corporate earnings (bad), and consumer debt default rates (bad)? Prepare for those awful unintended consequences, because things are about to take a turn for the dumpster! Interest rates and financial markets are about to suddenly revert to what they would have been if the Fed and its centrally-planned economy hadn't been manipulating financial markets for the past few years. Let's call it something scientific! Let's call it "reversion to the mean"! 

"IT'S NOT NICE TO FOOL WITH MOTHER NATURE!"