SUCH A STRONG RECOVERY BUT?

Trichet Says Euro Not In Crisis
10 minutes ago

"Euro is not in crisis and it's a credible currency, the European Central Bank President Jean-Claude Trichet said Friday. The ECB yesterday left its key interest rate unchanged at a record-low of 1% for the nineteenth straight month. The bank also decided to continue its refinancing operations in view of the debt woes in the peripheral economies. Moreover, the bank decided to continue buying government bonds and said nothing about an expansion in the programme."

ECB rates at 1% for 19 months, FED rates at 0% since late 2008 !!! (going on 2 years!!)IF SUCH A STRONG RECOVERY WHY THE FEEDING TUBE?

MARCH 2001 FLASHBACK
"But by holding its rate reduction today to half a percentage point rather than the three-quarters of a point many on Wall Street had been seeking, the central bank seemed to signal that it would not dispense rate reductions simply as first aid for investors wounded by tumbling stock prices."

GS Thursday came out and said "BUY THE FINANCIALS" should a bank be biased to say buy the banks? DO we care what GS says?

0% interest rates, savers get nothing, people NEED something....FED MANDATE....targeting stocks.....stocks in the rise, banks borrow at near 0% cost....where do you think that money is going if charts showing banks loans outstanding continue to contract?

Maybe hiring is picking up, maybe it isn't, because you cannot trust BLS data, ask the unemployed......and what KIND of jobs are available?

FED has come out and said we are targeting stock prices, for the wealth effect......we will focrce you out of SAFE HAVENS by paying you NOTHING for savings, we want to force you to CONSUME and BUY STOCKS.......think that's cool but also think MUSICAL CHAIRS and PONZI SCHEME.

Isn't there always someone selling and someone buying? or vice versa? STOCKS GO UP as long as the demand is greater than the supply....more buyers than sellers and willing to pay MORE and MORE for the SAME COMPANIES.

SO MUCH debt to be floated that the CENTRAL BANKS have to buy the debt? YET interest rates have been rising?

The CULPRIT of the CRISIS, if the patient is HOUSING, the patient is still VERY SICK......7 of last 8 recoveries were led by HOUSING....not this time...we get inventory rebuilding.....we get historic FED and ECB intervention...fueling IMHO a FALSE but POWERFUL asset explosion move

SO POWERFUL is the recovery you cannot take out IV from patient? 2 years running? DID the rise in stock prices from 1998-2000 result from actual powerful real economies? NO.....but that was where the greatest gains over a 20 year BULL MKT came......and then many false companies like ENRON and MOMMA.COM collapsed.....all the overbuilding of fiber optics etc....all the debt caused these companies without real prospects of profit to collapse and die.

The CLEANSING laid the landscape for the real players to emerge...and some new ones like NFLX GOOG etc with REAL GAME PLANS to thrive.......growth....jobs.

THIS TIME THE CULPRITS were the banks, but instead of their cleansing so the landscape would be fresh to grow again, for healthy banks who could lend, for investment.....NO INSTEAD we got no cleansing per se, the BIG BANKS GOT BIGGER FED by FREE FED MONEY, they chose who won who lost......any wonder a revolution of sorts is needed....REAL CHANGE IS NEEDED for us to get to ground zero again like in 1982 to start the next great REAL BULL MKT economy.

A FALSE MESIAH is what we have, a gov ruled by special interests, a populace that migrates to the shopping malls like zombies.....unaware or uncaring of what is going down.....Black friday pablum.

I could be 100% wrong, I have said play their game, take what is given......but I also know this is all FAKE and fueled by thin air.....which could cause the patient to pass out at anytime.

Duratek

Duratek