Miraculously, this laughable "market" has "rallied" twice now, 1,000
points from the abyss, rather than dropping further, much further...
So the "rally" was based on what? Oh, that's right, "earnings" from
brokers that lost their *****, but "beat" some fraudulent, truly
laughable "estimate"...And let's not forget the economy changing
"bailout" of Bear Stearns that tacked on another 200+....
In the interim, the bad news continues to flood in, with everything
from lower earnings (but, of course the "beat" the fixed "estimate"),
to worsening housing conditions, to record oil prices, to a credit
mess with unknown reach, to waning consumer confidence, to raging
inflation, to plunging factory orders, to....Well, you get the
picture...
So the "market" will "rally" 1,000 points because of a criminal
bailout of a public company by the FED and other gifts to "the
street," poor news is met with a mitigated 100 point loss, followed
today by a "mixed opening"....
I guess I don't have to tell you just what a manipulated, FRAUD this
friggin' JOKE of a "market" really is, now do I?
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