Market Update: De-nial on Wall St as stocks rally…

serious, serious denial here folks….

Construction is up you say? Yeah but in CHINA...Existing home sales? Yeah okay I got some HOT land in Hona to sell ya too….

Wells Fargo PUBLICLY ordered to raise more money by regulator ahead of Thursday Stress Test results?

TOTUS on Saturday telling Americans, profits and Wall St won’t be that important to our economy going forward?

Duke Energy and other companies writing the new cap n trade legislation conveniently saving themselves the costs and moving them onto the backs of consumers….this helps retail sales and consumption how exactly?

WH playing ‘decider’ on who walks away owning a company, breaking contracts and rewarding cronies?

And on THIS the DOW rallies now up 175 to 8388, S&P up 22 to 899 and NAS up 29 to 1748..

D-E-N-I-A-L, apparently it now runs down Wall St. ..Poor Deluded Bastards…they bought this pig in a poke in March of 08 when the predominately Democratic traders backed TOTUS over Hillary, still petting their pig in a poke, feeding it truffles and calling it George…poor deluded bastards…too bad they had to drag us all down with them eh?

Advertisements

May 4, 2009. Tags: , , , , , , , , , , . Economy, Finance, Politics, Unemployment Statistics, Wall St. Comments off.

%d bloggers like this: