I don't care who you point to: Apple, Microsoft whomever, I've never seen any company grow this fast and this profitable.

Such is the scope of the current health crisis, and the deep pockets of American taxpayers.

With all the hoopla yesterday, it's easy to forget what really happened. There were, after all, new highs for all the major indexes and averages. If I recall correctly that puts us at well over 50 new highs this year.

There was also the masterful orchestration of a new policy direction for the Federal Reserve. As I commented yesterday, it was a well-made sale. As Jerome Powell and the rest of the members of the Fed had for weeks now prepared us for yesterday's decision.

You could sense the relief at Broad and Wall Street, as the Fed did exactly what was expected.

You know it's an interesting comment on this Lawyer trained Chairman of the Fed, Jerome Powell. He seems from all outward appearances to be a consensus builder.

Someone who likes to telegraph his move. Nothing fancy here, just straight up, here's the way it's going to be.

You could sense the relief at Broad and Wall Street, as the Fed did exactly what was expected.

You know it's an interesting comment on this Lawyer trained Chairman of the Fed, Jerome Powell. He seems from all outward appearances to be a consensus builder.

Someone who likes to telegraph his move. Nothing fancy here, just straight up, here's the way it's going to be.

Well, the main event happens in less than an hour now. As the Federal Reserve's Open Market Committee will first announce their latest decision on interest rates, Presumed to be held steady at 25 basis points.

Followed half an hour later with the Chairman's Press conference. And it is at the Press Conference that I would assume that Chairman Powell will announce the Taper will begin.

Every working day, on average, the traders at the New York Branch of the Federal Reserve, come to the market with $6 billion in cash to buy US Treasury Notes, Bonds and Mortgage-backed securities.

And they've been doing it for years.

There's a nasty little game being played on Wall Street these days. It's totally illegal and totally ignored by Market Regulators. It's called Naked Short Selling.

Perhaps the most important move today was in the US Treasuries Market. With Notes and Bonds across the yield curve rallying. Presumably in anticipation of tomorrow's Press Conference by Fed Chairman Jerome Powell.

There's a nasty little game being played on Wall Street these days. It's totally illegal and totally ignored by Market Regulators. It's called Naked Short Selling.

One of the saddest chapters in American History was the Company Town. A town where there was only one place to earn a living, one place to buy your supplies, and one place that made the laws.

Here in coal country, these towns were where the mines were. Owned and operated by far-off organizations, which had little regard for the workers they employed.