this is an OCTOBER thread. forget about it. but the fundamental lie is the implication that there is a big surge in factory data. there is a modest spring rise. the market is in a bubble. where do we expect to be when congress starts talking seriously again about the out of control federal spending here baby. now that is going to have huge ramifications. huge. unless the country is moved to a drastic accounting change like Kucinichs HR5990 from September, the federal cutbacks will be so severe that further stagnation will be forced on the masses. Now is the time to take profits, and look back seriously at the last two crashes in the stock market since 2000. Out in May was today! or March.
Ben Bernanke’s comment today: "The Committee will continue to closely monitor economic developments and is prepared to take further action as appropriate to promote a stronger economic recovery in a context of price stability."