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Close Call For US Banks
You Still Got Your 401k Money In Stock Funds?
this from today's column by Rick Ackerman

Stocks have become intoxicated with easy money, revved up like a Lamborghini driven by a guy with a blood alcohol level of 3.0. The heedless, suicidal ascent of shares has become so blatant that even CNBC’s talking heads no longer try to reassure us that stocks always climb a wall of worry. No such thing is happening here, and everyone knows it. Stocks are climbing simply because making them climb has become the obsessive concern of a central bank that long ago exceeded the threshold of reckless desperation. At 220 mph, the Lambo is headed into a tight turn with no brakes.