David Kotok on EU Fireflies and a Market Rehab for Easy Money!

Welcome to Capital Account. The headlines today tell two different narratives about the US stock market. According to Bloomberg, stocks "advance ahead of Fed decision," but according to the Financial Times, the "rally loses steam ahead of the meeting." Whether you believe the headlines or not, they underscore the impact of macro-trends on the markets today. Our guest, David Kotok, of Cumberland Advisors, explains why the markets are addicted to QE and the consequences of this dependence. Also, tomorrow the German Constitutional Court is expected to rule on the constitutionality of the ESM, a vote that is viewed as key to the Eurozone's future stability. David Kotok, chairman of Cumberland Advisors, will explain why this action in Europe can be summed up in a single dance: the "dance of the fireflies." He joins us to shine light on the situation. Plus, what does the growth in Exchange Traded Funds, or ETFs, indicate about a shift in investment trends? We talk to David Kotok, author of the book, "From Bear to Bull with ETF's", about the role of ETFs and the future of the market. And in today's episode of "Loose Change," Lauren and Demetri discuss RGBAnarchy's latest video that features Ben Bernanke and Paul Krugman drowning in the paper of their own creation!