Like I said stocks are insured against losses. Here we have a typical, let's make the market believable, 4% pullback all to be wiped out in three or four days, followed by new highs. Yahoo!
It's the CEO"s fault they were doing so poorly, that's it! The new guy is going to turn this bloated pig around. They need a new product not a new CEO. Their synthetic processed "food" makes people sick. Maybe they can get foreigners to eat their #$%$, but they're done in the U.S.
What did the Fed announce at 1:30? No wait profit taking by the shorts I bet? Longs don't take profits anymore.
New CEO isn't going to save MCD. There was nothing wrong with the other guy. It's the product and the perception. it gives the Fed an opportunity to pump MCD to elevate the market.
That's what I have been saying all along. They live in fantasy land! They live a comfortable lifestyle on the backs of the taxpayer. No chance of losing their job and fiscally set for life. The $%#t is hitting the fan all over the world and all the central banks know how to do is print money and make their members wealthier. Greed kills and it is evident in US corporations and global trade. It's all about who can make it cheaper and how much money the executives can rake in. Nothing feeds down to the employees who generate profits for the chosen few.
It's all good.
It's a game they are playing. Everything is an illusion. They try and paint a picture of prosperity and stability when in fact the global economy is imploding. Without the central banks printing machines the market would be down 50% from here. Welcome to the grand illusion!
They need to hook up more computers to the servers to stop the volatility. This is just Goldman Sachs making billions on the market by manipulating the indexes. All in cooperation with the Fed. Today for example you have a higher high and soon to have higher low. It's rigged to support technical patterns. Although market is overbought at the moment and is due for a 1 to 3 % pullback.
Who makes up these numbers? The economic data sucked this morning and everybody knows it. But stupid consumers are high.
It's cheaper for the Fed to move the market after hours since there are fewer players. I've never seen the market gap up 14 points after hours for no good reason. Yahoo and Apple can't move the entire stock market up 14 S & P points. It's your friendly neighborhood central bank again.
When was the last time it gapped down? I can't remember any time when it gapped down 7 points like it just gapped up.
But will tomorrow be turnaround Tuesday?
I think he use to bend over for the Bernank and goes down on Jellin.
Why not, print it and give them the paper to save two lives. They'll be able to wipe their #$%$ with it soon since it won't buy anything else.
Gap and go....
Yeah this will be bad for US auto makers! Who will buy their #$%$ when they can get a beemer for the same price. Can you say layoffs?
Gives me a lot of time to play golf this summer. Stocks are insured products.