Why?

          So many jobs shipped overseas, lost and gone forever, Government implacably broken, business prospects dire every which way you turn, and the Dow Jones Industrial Average is setting new highs.  We’re tempted to say this has happened before, but it hasn’t.  Not in the face of this kind of structural hopelessness anyway.

         Who bought the market higher?  And what were they thinking?

         Ben Bananas has got to have something to do with it.  The notion that this economy can come back without jobs or fiscal stimulus is madness, and when it comes to madness, the Chairman of Federal Reserve Bunk is clearly the best we’ve got.  It’s a safe bet no kind of market madness could’ve gone anywhere without him.

         Then there’s all that redistributed wealth.  CEO’s and them have pilfered so much savings from the middle class, our society has been refitted into some kind of Third World caste structure, top-heavy with corporate elites.  Empowered pickpockets who got there solely by lobbying Washington for the means to loot our shareholder equity out of our personal accounts on our company’s books.

         On top of all this, many of those same corporations have been downsizing total shares outstanding for quite some time now.  Retiring stock rigs the market for those shares in kind of the same way Ben Bananas has been gaming the Treasury Bond trading floor with his QE escapades, by reducing supply in the supply v demand thing.  (Difference is, Ben prints brand new dollar bills while he's doing it, handing them out to all his banker buddies, who got us in this godforsaken mess to begin with.)

         Where we’ve become used to bull markets raging through the growth-on years of our business cycle, investors have suddenly been given reason to throw money into a new kind of growth-off environment.  Savings redistributed into the hands of people more inclined to invest in common stocks than their victims, a Fed honcho hell bent on turning current disarray into distant ruin by kicking the financial worms can down the road, and investments of choice scaling back the supply of paper available to invest in.

         These are the building blocks bull markets are made of nowadays.

         Then there’s you and me, the poor suckers who’ve got to provide income for ourselves some way somehow.  Where bonds have always been there for us in the past, many private investors feel they have to rely solely on dividend income today.  With Ben Bananas running that fixed income circus of his, there’s simply no other game in town.

         Everybody knows prices go South from places like here, but where can you go to wait the topping phase out?  In money market funds that yield nothing?  No, there lays the inflation monster, in wait to clean you out.

         So why?  Why's the question of the day, and these are the only answers we can come up with.  Frankly, they're not getting passed along to you with all that much conviction.

         It’s a whole new world out there, a puzzlement to us all.  One nobody has ever thought of before, let alone coped with.

         Welcome to the cutting edge of insanity.