Friday, July 01, 2011

FLAMING HOT RALLY

3rd 80% plus up volume day in a row, what more does anyone need to see of increased DEMAND and lack of selling oomph...




Stocks rallied on Friday for a fifth day and were on track to record their best week in nearly a year, after a surprising jump in manufacturing data eased concerns about a tepid economic recovery.

(doesn't take much to ease....as claims data IGNORED)


No ONE LISTENS ANYMORE

Former Federal Reserve Chair Alan Greenspan is making the media rounds with a rather dire outlook for the U.S. economy.

In the last few weeks, he has said he thinks it's "almost certain" Greece will default on its debt -- which could exacerbate the already weak U.S. recovery and possibly drive the nation back into a recession.

He has also called out the stimulus policies of his successor Ben Bernanke, stating that he thinks they haven't worked.

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