TODAY'S ACTION WAS ALL OVER THE PLACE...
THE DOW DROPPED YES,....BUT SO WHAT...NOTHING ELSE HAPPEN TO CONFIRM THE MACRO ECONOMIC DATA WE KNOW IS COOKED IN THE BOOKS...
THE DOLLAR WAS FLAT...GOLD DOWN...(ON MASSIVE INFLATION NO LESS!)....AND OIL WAS VIRTUALLY UNCHANGED...
VERY LIKELY THE MARKET IS GETTING USED TO IT'S NEW STATUS...AS OUTSIDE THE PALE OF MAINSTREAM ECONOMIC THINKING...
THE BERNANKE BUBBLE MESS IS JUST TO GREAT TO FREE THE TOUTS UP ....SO THIS IS A MARKET THAT MUST GO DOWN...NO MATTER WHAT THE TOUTS SAY...
HENCE THIS BACKPEDDLING BY MANY COMMENTATORS LATELY...
WHEN THE LIES QUIT WORKING...IT'S TIME TO START TELLING THE TRUTH...AND HOPE NO ONE QUESTIONS YOUR PRIOR COMMENTS... AND THIS APPLYS TO EVERYONE FROM GREENSPAN DOWN TO THE SCRIBBLING SALARIED SYCHOPHANTS IN THE ELITE MEDIA...
