An upday to greet the passing of healthcare reform...the SPUZ traded down all night and all morning but the persistent buying that we have become used to started doing its thing at around 845 AM and simply never stopped. Obamacare is a winner who cares about taxes, deficits, who cares about anything - SPUZ are on cruise control to the moon.
Blah Blah Blah more rhetoric between China and Google today - this I promise you is a significant issue - but pay no heed just keep buying the market.
75% off the lows in a rally that has been sponsored by massive stimulus and massive job cuts...and the pundits are as bullish as ever - oh well Im a fool.
Oh by the way like 6 secondary offerings tonight and an IPO - gobble gobble gobble.
Bernanke might be able to blow this bubble even bigger than Greenspan blew his - the difference between the two is that Bernanke cant even cut rates if he gets in trouble - he might never raise em but he sure cant lower em.
JB
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