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Hey, the markets are somewhat tradeable, they are just not investable. The old "Don't fight the Fed" advice applies, and 85 billion a month is hard to argue with. Don't short anything. Ignore fundamentals - they are nothing more than a measure of bankruptcy risk. Buy the People's Momentum Daily (IBD) and figure out which of those cup-and-handle chart patterns you like best, then go to town.

Just don't take your eyes off your positions. In fact, it's best to just take the hit on trading fees and close them out every day - the headline risk in the Obama era of indifference to Islamic radicalism is very high. And get the obsolete buy-and-hold thinking out of your mind - in this aristocracy of pull, today's high-flying CEO can piss off the government at any time and become tomorrow's felon, even if his books appear perfectly sound.

Me, I like the blackjack tables in Las Vegas better. At least the rules don't change by the minute...