According to the Associated Press,  the Fed once again pushed back the timeline for an economic recovery and will probably start bailing out government pensions, more state budgets, the University of Phoenix, and maybe even retail companies if it keeps going this way. Their estimates were "revised down" but did not provide an update on the forecasts.  So they basically have no idea what the hell is going on.  I can't even tell the difference between Ben Bernanke and Ben Stiller.  GAC.  Get A Clue.

Unemployment is hovering around 8.5% and some companies have avoided layoffs by cutting their 401k match...  The next wave of layoffs is coming after the first quarter earnings announcements.  THYCAN.  Take Home Your Computer At Night.

There's a gigantic confidence problem in the corporate world.  Everyone is worried about losing their job... therefore not spending money on unecessary items.  You don't have to be a genius to figure out that this has a trickle down effect and ultimately results in more jobs being cut and companies not hitting their number again in the second quarter. AMAJWBN.  April, May, And June Will Be Nasty.

All bets are off when it comes to the Fed.  They keep printing more and more money out of thin air... there may be a temporary drop in prices but then inflation will hit hard once everyone realizes how many US dollars are in circulation.  The fed was wrong when they met in January, how are the decisions they are making now (only 3-4 months later) supposed to instill confidence in the American people?  If you keep guessing maybe you'll get it right eventually?  Is that what we're supposed to believe? DUMB.  Do Ur Math, Bernanke.

Consumers are still much too cautious and will remain that way until housing prices stabilize and the banks come clean.  No matter how you slice it, we're trying to cure the current economic problems with a band-aid and it really deserves major surgery.  If this phony plan works it's only going to postpone problems that will arise again in 10 years... then we can relive this all over again.  Maybe we rally again until 2016, until all of the baby boomers are forced to start withdrawing from their 401ks... TCAR/D. Then Comes Another Recession/Depression.

I'm sure the government will come up with a fancy acronym to solve that problem as well... maybe the CHAOS... China Has All Our Savings.  

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