There not fabricated at all just that january numbers in every data point imaginable were god awful and month over month comparisons are not hard to beat.
Also, expect to see drawdowns in inventories because business are in recession mode and working on razor thin margins.
This will be misconstrued as fundamentals improving and bulls will misrepresent the truth when in reality it means business are ordering less of everything and waiting until inventories clear before restocking.
Bottom line we are in the midst of a major recession.
the problem is that when obama first started putting out this legislation he was being honest and saying that we have a long way to go. the market listened, but took it with a grain of salt and was not badly affected. now they are comming out and claiming preemptive victory, and not giving any doubt about it. Eventually the market will correct, because bac has a bs price to book valuation and city group is truly an 88 cent stock. Hopefully faz has not taken too big of a hit by then.
Well at least in Russia they closed the whole stock exchange when things went crazy... same thing can't be said about U.S.
It is a huge fraud and they are making money from it.Every single thing is fabricated and they meet a consultant to know how to dress and talk before coming in front of us/television. Advertising agencys are propably advising them too, how to "campaing" this trough....
I've said it before and I'll say it again; after the fiasco on Monday, it's clear that this is no longer "investing" or "trading". It's pure GAMBLING, and nothing else. Technicals and charts worthless when everything is triggered off the news, which TurboTax Timmy controls.
It's vegas, and the tables are rigged. The sheeple are going to be sucking up the faux good news for the next few weeks. best to stay out till they're done.