How much is enough? Yesterday, Fed Chairman Jerome Powell essentially said the Fed will continue their Free Money Policy until 2023, which seems like a long way away until you think about how far away Christmas of 2019 was, when we were with our families and friends and not at all worried about catching a virus and dying.   Does seem like a lifetime ago, doesn't it?    Yet, only 12 hours after Powell's speech and press conference yesterday, the markets began to sell off as the Dollar begain to recover from it's post-Fed drop of 0.75%, which boosted the indexes 1% and made it LOOK like the Fed had caused yet another rally but it's all BS – just theater-staging by the Banksters, who need to convince the Retail Investors to come in and BUYBUYBUY the stocks they are unloading at ridiculous prices. Remember, the Dollar does not have a medium-term effect on the market – it has a strong short-term effect, almost no medium-term effect but then a strong long-term effect again – it's wierd.  Anyway, of great concern is how easily the Nasdaq fell below the 13,000 line this morning. You would think there would be support but there was none.  10-year notes flew up to 1.737% as Powell gave us no confidence that the Fed was going to control inflation (more likely will cause it) and, as we pointed out in our Live Trading Webinar – they failed to adjust their inflation expectations which, as we predicted, caused investors to lose confidence in their ability to give us a "soft landing".  When the pilot clearly can't see the dangers in front of him – it's time to grab your parachute!     IN PROGRESS