Wall Street soared on the terror news from London.... So what's up....?
Probably it's PLUNGE PROTECTION FROM THE FED AND IT'S MARKET SHILLS...
The last thing Greenspan needs is an economic reaction to the recent terrorism.... Greenspan wants to continue "normalizing" rates, and a NEW terror diversion is not in the cards....
The Fed and it's market shills seem to have stepped in to support the market after the terrorism hit.... The 140+ rise on Friday was just to steady to be real.
The question is what happens next? Clearly, the London terrorism is not clearing up as fast as 911... The perpetrators are still unknown...there is no one in custody.
The unfortunate conclusion is that the terrorism factor is probably worse now than before the Iraq War..... And that can not be good for markets....
And the big Friday run up despite Dennis just off shore, and the rather "punk" jobs number on Friday was clear proof of PLUNGE PROTECTION FROM THE FED.
