If you're a truly good trader, which I am not, and admit it (and I'd argue that trading is extremely difficult LONG TERM, in terms of producing consistent net profits, much to the chagrin of many here), you're golden, IMO.
We're going to see a lot more chop and pop.
But the trend will be lower on the indexes.
The U.S. has fallen into the time old strategy of 'inflate or die.'
Basically, this strategy is an overt attempt to screw over all creditors, foreign and domestic, as each dollar loaned to the U.S. will be paid back in dollars worth vastly less in real purchasing power.
No one knows if the U.S. can even reflate asset prices, given the death spiral of deflation gripping the globe, no matter how insanely the federal reserve 'expands its balance sheet,' nor no matter how much stimulus the U.S. government ushers forth.
It's all a shot in the dark at this point, and Bernanke is a disaster.
