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"Change of Tone"

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This is from last week when the market was looking a little wobbly.

The phrase that jumped out at me was a "change of tone."

Last week, Internet wunderkind-turned-venture capitalist Marc Andreessen finally flashed a message to his "community" that if they didn't get a handle on their "burn rates" many of them were going to be toast.

Everyone - from Silicon Valley to real estate investors to stock traders - seems to have lost sight of the fact that the "bounce" off the 2008-2009 lows was a direct result of the Fed shoveling essentially free money at its favored banks.

Here's a dictum to keep in mind:

"What can't go on forever, will not go on forever."

What happens when the tide of hot, low cost money comes in?