Market grinds all day yesterday just to close down 50 pts and they can throw a little $$$ at the futures and it opens up 50 like yesterday didn't even happen. This has got to be the most bogus market in history, but it doesn't matter. Bernanke is giving the banks 4 bil a day to prop up the markets, and it will continue forever, because the economy and employment sure aren't going to change
Bernanke tells us once again, there is no inflation. In fact he has been telling us this for the last 10 years. Gas has doubled in the last 4 years, and food not far behind. Funny how the 2 most expensive things in everyday life, are not even put in the gov equation. Always amazes me with the scams Wash gets away with . Let the lies continue
In this great hyped recovery, the market spikes up 150 when they add 150k jobs. They never mention that 350k , NEW people signed up for employment benefits. Thats a loss of 200k, but the spin never stops . Anything to make the king look good
All in the span of 2 weeks, ibm is right back where it started when they annouced %$%$% earnings, and of course as ibm goes , so goes the dow. Who cares if revs are down, guidance was down, and trading at all time high to boot. Went down 12 pts that day, but everything is ok again in just a few short days
Last week job #'s were still weak but beat estimates, market rallies and goes up 150 pts. Today jobs #'s were bad, but who cares , market already green again. The data released is meaningless, time after time, just another excuse to squeeze shorts and baffle any logical approach. I guess this market can go up everyday, with the economic #'s going down, the spin at an all time high , and Big Ben inflating stocks while punishing fixed income.