What can you say about markets that soar on disasterous news....?
Ahh....they're being "managed....?"
Of course Wall Street is totally out of touch...someone noted recently that it's strickly the rich and the Fed who are maintaining the "illusion" of high valuations.
So Wall Street really doesn t merit serious comment anymore...except to say that as long as the Fed and it's shills on the Street can support the Dow above 10,000...the "float" will be managable--and the illusion of the BUBBLE DAZE will be maintained...
BUT DOW 10,000 IS THE SINE QUO NON NOW....THAT IS THE LESSON OF THE LAST YEAR or so...THE MARKET MASTERS, WITH THE HELP OF THE FED, WILL SUPPORT THE MARKETS BUT ONLY UP TO A POINT.... THEY WILL NOT STAND IN FRONT OF A RUNAWAY TRAIN.
.....BUT IF DOW 10000 IS EVER BROKEN...ALL BETS ARE OFF.
SO FAR SO GOOD....THE SHAM CONTINUES; FOR NOW.
