Do you feel the stock market is being artificially supported by the Federal Reserve and what risk does this present to investors?
How much support we need from the Federal Reserve to keep the market up, absolutely amazing, and that's a sign in just how fragile the markets really are. For example, we came off the money printing medicine in October. The market started to take a dive. Almost immediately, Fed Governor Bullard had to say that, "Don't worry we can bring money printing back as early as December." That's a one month delay...December. I mean, so we were just going to go off the money printing medicine for one month and he'd bring it back on. That tells you how fragile the markets are. It tells you how much we need the Fed to push this stock market up and that should bring fear to everyone.