Daily Reading on the Financial Markets: 12/9/12

Zero Hedge reminds what everyone with a brain already knows: the Fed can never execute an “exit strategy” without disastrous consequences.  It will be funding the national debt ad infinitum:

DcotoRX at the Daily Capitalist opines on the same point, concluding that the Fed can’t unwind its holdings in the foreseeable future.

Matt Phillips at Quartz on Apple’s lagging ways and out-sized impact on the indexes.