On Reserve

With one foot in the past
Now just how long will it last
No, no, no have you no ambition
--Tears for Fears

Had to snip one from Minyanville's Peter Atwater:

Banks stocks are up because the Federal Reserve is going to allow holding companies to increase dividends.

Stocks are up because the Federal Reserve is going to do QE2.

The dollar is up or down because of what the Federal Reserve is going to do.

Commodities are up or down because of what the Federal Reserve is going to do.

The market is the Federal Reserve.

position in USD