While I rarely read USA Today (And who does?) I cannot help but be impressed by an editorial in the paper that says the current stock market rally is a case of, as the title declares, the “Dow Jones high on Fed steroids.” According to the editorial writer: …the time is approaching to scale back the bond-buying spree and get ready to unwind some of the Fed’s massive portfolio, which now tops $3 trillion. The longer the policy lasts, the more likely it will end unhappily. It gets better: The best indication that the Fed’s bond-buying purchases are pushing stocks … Continue reading Wow! USA Today Actually Gets It!