Bernanke riding the Super Stallion (click here for image in previous post.) Yippee!! As expected, our government is once again trying to show it can do something nothing. Of course, the Fed has been super at screwing shorts for moments in time, but the problem with our markets is not the fault of the shorts. Overall, all these emergency measures of historical proportions have not done what they are promised to do each time the bulls moo for them. As usual, the stockonomists are running things. Tell me, other than stock market declines - what has changed since Friday to cause the first 75 bps cut in history? One week before the scheduled meeting! Will rushing to cut a few days in advance improve the economy more than it would a week from now? It gets a little tiring to see these guys with there ceremonial roles and attempts to calm markets. Especially when they repeatedly say they do not respond to what the stock market is doing or political pressure. If you are encouraged by today’s cut or impressed by the Fed more than you were on Friday when they didn’t cut, I hope you enjoy the fallacy of capitalism that exists in this country. When this rate cut fails, what will you hold onto?