The pace of the economy is not accelerating

The last few Market Watch articles have focused upon the dangers of the market. The posture in which the market currently exists, although called a bull market, is so expensive that the public is set up for great losses. Here we are at the beginning of June, and the S&P 500 is no higher than it was in early February, yet look at all the publicity on how great the market has been doing over the last four months. It's just more Federal Reserve Bank/Wall Street/federal government misinformation. There is only one reason the market remains at these levels: QE2. The Federal Reserve's continuous manufacturing of money ($19 billion per week) and the placement of that money in the large banks stops in June. Will the market go up, or will the market go down? Or will the government figure out some other way to manipulate the market and call it something besides “QE3”? If the market begins to go south, count on the latter.