The market is doing nothing except terrify bears and other endangered species called skeptics.
Obama, Bernanke and Geithner can do nothing right except gun the market 24/7 - in the 1930s the market crashed recovered 83% (ie sucked everyone back in) and then dropped like a rock - make no mistake that is exactly what I think is happening now. There are nefarious forces doing their best to make sure the market appears well bid at all times, at some point that will end and end badly. Commodity stocks leading the market higher in a world where employment is a major issue, there are empty office buildings and homes all over the place, and tankers filled with crude floating at sea.....go figure, but more importantly dont believe the hype, we are now excited about false hopes, remember the fed funds rate is still zero - if things were so strong that cheater Bernanke would raise rates and throw savers a bone, but no he knows how tenuous things truly are so in deference to wall st. keeps the fed funds rate at the insane rate of zero. Timing is the key to this bear case, we will not be at the bottom until the bald guy on CNBC is saying you cant be in the market - he stays fervently bullish - lets remember who he works for - perhaps the worlds largest hedge fund GE - triple AAA rating.....you know insanely low borrow rates and lends higher......anyway Im tired and I just want the truth to bubble to the surface.
JB
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