Overstimulation; Overload

Ever lost control of your vehicle, swerved the wheel the other way and then found you turned the wheel way to much. Often times it is because you over corrected the vehicle. This can often result in losing control of your vehicle. Ladies and Gentlemen, it seems as though the democrats in Washington have just gotten their licenses. They are like kids who have just won the lottery and go on a shopping spree in a candy store. Mark my words, this country is going to have a really bad tummy ache by the time we get done. Please note the following points over corrections:

1. Fed lowered interest rates to 0-.25 percent; Sounds great right? How about all the financial institutions that make money based on spreads in money market accounts etc? Aren't we trying to help financial institutions?

2. All the stimulus bills that do nothing but spend money, devalue the dollar, increase the money supply; can you say major long term inflation effects?

3. Job creation; Attention all professionals, don't worry! You can find work! There is always a government career in construction!

4. Double taxation bill for trading; Congress is proposing a .25% tax for every trade. Similarly to the mark to market rule, this will have some major major negative effects on financial institutions. Results will include but not be limited to less trading, failure of many black box trading funds, higher fees, less liquidity, and a more difficult environment for hedging portfolios with derivatives (the only thing that works right now).

5. Mortgage bailout; Encourages bad behavior. Did you hear about the bus driver that is begging Barrack Obama to help her keep her 800k home?

6. Washington playing bookie with wall street. I can't tell you how many swing traders are frustrated with wall street trying to play the markets. As soon as the market makes up it's mind, some fed banker, or SEC chairman stands up and talks about a new program, bailout, or bullish commentary. They are not letting the market take it's natural course. This market needs to exhaust itself before it starts turning around. Washington in this way is prolonging this.

Well...it's been one month...only 3 years, 11 months to go people!