Friday, November 13, 2009

DOUBLE SPEAK

J.C. Penney reports sharp drop in 3Q profit- AP
Blockbuster loss grows as sales drop Reuters(Thu 11:18pm)

Stocks Rally as Earnings Offset Consumer Data- AP

Let's get this straight, market is excited about Consumer spending. Consumer sentiment is in a sharp decline. TRADE DATA points to resurgence of Consumer, but TAX RECEIPTS (REALITY) are DOWN!!??? Another stupid day of stock direction taken from inverse of US $...it's that easy

At some point this is going to be grab your ankles time!

D

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