It is, in a quite educational way, for all to learn exactly who runs this nation and the globe. It's all unfolding before our eyes.
FAZ 1-day (1-minute)
FAZ 2-week (daily)
FAZ 2-year (daily)
Crystal Ball: The Fed will let the Euro debt crisis play out. That alone will drag US financials down, i.e. Greece-banksters death dance. Then the jobs numbers prove futile again. And again. Confidence dwindles to a drip. At warp speed, FAZ returns to 60. Good news for the finnies, or at least rumors, hit the street and FAZ sells off briefly. But again, nothing out of the Fed, nothing real, and FAZ blasts off to the next resistance level: 90. That gives FAZ a 2011 run from 30 to 60, then roughly 50 to 90.
What took FAZ nine months to undo (90 to 30) could take just one-third or one-fourth the amount of time to reverse. But I doubt FAZ sees 100. By then, the Fed and Treasury will have completely raided 401k plans. Maybe a new program will be formed, allowing a "loan" to the Fed that doesn't officially permit the printing of more US Dollars. But that's what it will actually be. The market will gradually melt up on low volume, similar to 2010, except it's all cloak and dagger stuff.
If my piece of fiction becomes reality, it's a matter of three choices: a) short the market (FAZ, ZSL, QID, etc), then b) go long the market when the selloff ends, or c) go on vacation from this madness and enjoy sweet, blissful time away thinking of nothing and doing everything fun.
That last notion seems so interesting, don't it?