New we will see if the market will take another bite of the poison fruit known as QE coming from the EU. Sadly, apparently the Euro is going that way putting pressure on an already deflated Euro with lots of already rogue heavily indebted European countries. No one will learn if they don’t pay the price for their terrible ways. In fact, at this point you are pretty much encouraging everyone to misbehave.

When will bad behavior stop being rewarded and simulative to the market? The artificial tonic not only wears off, but leaves those that drink it in a worse condition than when they started. Surely market participants know this by now.