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Every time I questioned the stability, legitimacy or sustainability of the bull market that ended in February, I was told "Don't fight the Fed." Even today, after a historic bear-market rally that has the most optimistic convinced that the secular bull market is still alive and well, I am told "Don't fight the Fed." What makes this statement so absurd is that it implies that the Fed always wins. To the contrary, if the Fed had won, it would not still be implementing crisis-era monetary policy a decade after it was first introduced near the