There's never any room to breathe
--T'Pau
Nice chart of SPX vs Fed intervention. Earlier this week, FOMC voted to extend Twist thru end of year.
With this understanding becoming widely recognized, it seems reasonable to ponder the degree to which it has already been factored into prices.
position in SPX
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
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NOTHING the central bankers have done up to this point has WORKED. All efforts have simply been aimed at keeping the financial system from imploding.
~Eric Sprott
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