Friday, March 26, 2010

WRONG WAY FRED

CORPORATE PROFITS FELL 6.9% IN 2009, market rose 70%. Profits ARE overstated because of mark to market rule being abolished and it mistates BANK earnings.....another reason I hadn't believed in the underpinnings of the rally, recovery....it's built on GOV DEBT which I show is reaching unsustainable levels.

Consumer sentiment due out at 1o AM

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