FUBAR

There's a place where the light won't find you
Holding hands while the wall come tumbling down
When they do
I'll be right behind you
--Tears for Fears

Couldn't agree more with the FUBAR assessment offered by my friend Toddo. Policymaker actions, particularly those wrought by the Federal Reserve, have distorted the discounting mechanism to the point were financial markets hardly resemble what they were even a few short years ago.

Sad, sad.