Next week should tell us quite a bit.
Now the really tough work begins for the Fed and the financial engineers in turning paper into growth, enough to overcome the harmful side effects of their monetary manipulations.
See you Sunday evening.
"Let the children have their night of fun and laughter. Let the gifts of Father Christmas delight their play. Let us grown-ups share in their unstinted pleasures before we turn again to the stern task and the formidable years that lie before us, resolved that, by our sacrifice and daring, these same children shall not be robbed of their inheritance or denied their right to live in a free and decent world. And so, in God’s mercy, a happy Christmas to you all."
Winston Churchill, December 1941