Maybe Paulson diverted (or stalled) destiny with the GRIM REAPER, he diverted money from buying bad bansk asstes to infusing money DIRECTLY INTO THE BANKS.
maybe the Banks are better, APPEAR better, but 2 things bother me. One they aren't lending, so the money making them look and feel better is from TRADING THE MARKET. TWO the bansk BAD ASSETS mostly SIT on or OFF their books and mostly at face value.
SO IMHO the Banks are ZOMBIE banks, feeding off blood of Americans,eating their brains and enriching themselves...as we get ever poorer.
Todays wonderful rally had 85% up volume but it again came on dwindling volume.
Surely this market has surpassed what I thought capable, but other targets I had are fast approaching, one is 1120 on SPX.
I am surprise VIX is NOT below 20 with 60% rally. THIS IS OPEX WEEK, crazy things happen, I think a high is put in by wed-thurs....ST maybe.
I LOATHE a rally that is based on reports of improvment, sold as "more signs of recovery" when it is mostly FABRICATED ON LIES and MISTATEMENTS.
So sales are showing recovery is here? why dont we take the last 2 reports and combine them. ADD back in the HUGE downward revisions to SEPT (see they tell you how great it is to your face, then behind your back following month they have to come clean) you get a 2 month .1% MISS in expectations.
AND WHY DON'T TAX RECEIPTS BEAR OUT the data?
You rally on LIES and FALSE HOPES, at some point the laughing gas has to be turned off.
IF ALL WAS SO fing well, lift us off 0% interest rates and shitload of stim someone gotta pay for?
D
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