"I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization," Faber said. "They have no idea what they're doing. And so the confidence level of investors is diminishing, in my view."

http://www.cnbc.com/id/101573688

At least with the Internet Bubble we got Ebay, Amazon and message boards like Rights-Right.com, new ways to sell stuff, buy stuff and vent, with the Housing Bubble at least we got a bunch of McMansions which may eventually be inhabited by people who might actually intend to pay for them.

But this Fed Bubble is a different animal altogether.

The geniuses at the Fed artificially inflated stock prices in the inane hope that a stimulated economy would follow.

It couldn't, it hasn't and it won't work.

So, the Fed turned one problem into two problems with the second problem being much worse than the first.