5/10 1:15

Stock market turning down and challenging support.
In the old days throwing money at the markets worked every time.  The fed did not need to do it that often and debt levels were lower.  Now, stimulus, quant easing, negative real rates have been used continuously and routinely amidst a high-debt backdrop.  Washington decries the "casino" environment on Wall Street, but what is a reasonable person to do? 
First, the debt levels inhibit long-term growth, thus hobbling common stocks as a long-term investment
Next, the sovereign debt of the reserve currency has been growing exponentially for decades with huge unfunded liabilities facing it
Where is a reasonable person going to invest for the long term?  Many have turned to gold.  However gold is up almost 5 times since 2002.  Where is a reasonable person going to invest for the long term?  A reasonable person is going to shorten his time horizon.  Period.  Washington created the casino and is now lambasting it's bastard child.  High-Frequency Trading is the natural outcome of short-term thinking. 
If the U.S. had not destroyed it's seedcorn and I lived in Switzerland in my 20's I would have a long-term investment in place.  I would be able to compute my income in stable currency projected out to my 60's in bonds.  I would be able to expect a slightly better return on common stock investments and could contribute savings to a balanced portfolio.  We do not live in those times, even in Switzerland.  Nobody can compute anything long term and it is dismantling long term thinking on an individual, corporate, and governmental level.  OF COURSE WE ARE TRADERS!  YOU FORCED US INTO THIS WITH YOUR IRRESPONSIBLE BEHAVIOR! 
Well, I'm glad that rant is over.