THE DISTORTED TRUTH

The Dow has gained over 4,000 points from its lows of March 2009, during this time businesses shed an additional 1 million plus jobs, the 30 day up and down volume has been in declining trend since it made its high in April of 2009 only 1 month after lows.....both UNHEARD of for a "new bull market".

What good is government data like GDP if a rise in health care COSTS attributes to some of its rise? or inventory rebuilding? 5.9% GDP was a sham distorting actual productive job producing GDP.

Never before have we seen CONTRACTING BANK LOANS AND CREDIT OUTSTANDING leading to economic revival....going all the way back to the Great Depression.

Truths:

SPX companies are raising their dividends and buying back stock and are sitting on a HORDE OF CASH NEAR $900 BILLION.

Fact: Buying back stock supports the price, which enriches mostly the insiders who hold JOBS of it and are paid bonuses based on STOCK PERFORMANCE....the HORDE OF CASH is being used to buy up other companies...but then economies of scale lead to layoffs.....the HORDE OF CASH is not mostly going into productive means, job producing means which would be investment in plant and equipment....basically are we really going to revive our manufacturing sector and return those good paying jobs?

S & P 500 dividend yield is 1.94% one of the LOWEST payouts in HISTORY....bubble market tops have seen a low 3% yield where secular BEAR BOTTOMS have been associated with near 6% yields and SINGLE DIGIT SPX PE RATIOS.

MAJORITY of the stimulus is behind us, the FED is near end of quantitative easing (so they say) and the FED GOV is near $14 TRILLION in debt....

HOME is where most Americans count their wealth, which have lost SUBSTANTIAL value and almost all ability to support HELOC'S of which support increased spending...wages have been sickly stagnant for years.

GOV policy has made US companies healthier, cash horde, but money is not being spent that create jobs.....FED policy has bailed out the BANKING SYSTEM but they won't lend, and FED POLICY makes it more attractive to let excess banking reserves SIT IN THE DIGITAL VAULT because the FED is paying (printing) them to do so.....stricter lending standards, no incentive to lend, less demand for loans are Consumer in general are paying down debt mostly by DEFAULTS and they are 70% of our economy....

....IS THE GROUNDWORK the BASE built thru FED and GOV policy to lead us into a new sustainable expanding recovery? SO FAR there is NO proof that is ocurring. FACT

In SUndays 60 MINUTES report, it showed how the banks packaged the liar loans, the crummy mortgage paper of sub prime slime that's like the old $50 bill on top of a stack of $1's....and scammed the world.

It reported that GS went to AIG and got them to INSURE their pile of $12BILLION (knowing it was for shit??!!!) then AIG did a lot more....and when the market BUBBLE POPPED....they went DOWN>

WIth an AIG bailout....guess where $12 B was sent? to GS !!!!!!! KNOWING the paper was shit as reported by 60 MINUTES and Matt Taiibi ealrier, GS SHORTED THE CRAP OUT OF IT and made BILLIONS that way....if they knew it was for shit, was there not a crime committed here?

NOT ONE SINGLE BASTARD has been made to pay, not ONE SINGLE RATINGS AGENCY who must have known AAA was not warranted but needed to sell the shit paper....not one anybody has been prosecuted for any crime related to the biggest scam in history which has led to 8 MILLION jobs being lost in our economy.

Better yet, lets pay them BILLIONS to help clean it up....who would know better than the thieves who set it up? insult to injury on the American people...who got the bill.

JOB CREATION? yeah temp Census jobs...whoopie.

Now stories of educated workers being out of work 1 and 2 years and cannot find jobs paying HALF their former pay are just common place.

HAIL to the CHIEFS......and the historic rise in the stock market for the top 10%

Duratek