As we watch the markets throughout the world plunge trying to find a trading range, we are witnessing the global market reset to economic fundamentals. Before you think this is unambiguously bad (the reset) consider that this entire event spanning the last two to three years was set in motion by government policy actions and the flood of liquidity beginning after the September 11th attacks. The market is simply correcting now what government policy actions have caused, a massive destruction of the mirage of paper wealth they created.