WILL THIS "END IN TEARS"? MONDAY MKT WRAP

http://jessescrossroadscafe.blogspot.com/2009/11/sp-futures-daily-chart.html

The bulls are laughing, remember the bulls STILL HOLD from over 14,000 on the DOW.

This rally DEFIES all logic, prudence and shows the extent those in power will go to keep the lie going.

I'm sorry but this will end badly. I have WARNED the over eager top calling Bears to CHILL, and I am NOT short presently.....don't want to add insult to injury.

It will be interesting to see what the HURRY was to get to these trendline breaks.......and when asked what the reason for this wonderful rally, well no one really knows or cares.

No one cares where the money IS coming from, as the regular guy has drawn money down from equities and gone into bond funds....highly unusual.

Well we get GDP of 3.5% FABRICATED
We get 10.2% unemployment (ITS CLOSER TO 17%) many given up or underemployed....see you NO LONGER count when you drop off rolls.

Birth Death model adds 855,000 small business jobs during a time we actually lost 2.8 MILLION from March....amazing these stat guys.

And expanding bank loans are usually synomonous with economic expansion...but bank loans are CONTRACTING.

And this:

"Fannie Mae needs another $19 billion from the Treasury. It will get it. Next quarter, it will be back for more -- lots more. This is going to go on for years."

You see now FHLA is in charge of making all those great subprime loans that are now defaulting smart play !!!

And the Banks don't record their stuff at market value anymore....I mean WHY do that?

In the land of OZ, anything is possible.....even fabricating a rally that GOLD says DOESN'T EXIST

My goodness when this folly comes to end are we going to take it up the keester....

Duratek