In a clear message to the market the SPUZ opened up 4 bucks tonight saying 8.8 quakes dont matter - if horrid economic numbers dont matter why should a natural disaster. I truly believe at this point that the morons pushing this market higher right now are so out of touch with the realitys of the world that they are truly the greatest fools. I guess from there isolated penthouses 20 stories above street level and there hampton retreats which stare out at the Atlantic Ocean it might be easy to believe all is well in the world. I just read a headline that mining stocks are rallying in Asia due to the earthquake...I also read a report that says that JP Morgan is more concerned over Cal's debt issues than it is over Greece's issues - Jamie Dimon says that his banks exposure to Greece is hedged - what did they do convince AIG to write more CDS??
Oh well lets see what tomorrow brings - mondays always seem to be up days - will there be another one?
JB
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