Fun with Headlines: 5/20/09

From the hope springs eternal file, a few headlines in today's "Before the Bell" missive from Reuters:

• "Oil firms above $60 on U.S. refinery fires, Nigeria"
• "Japan GDP sinks at record pace"
• "Deere quarterly net falls 38 percent"
• "Toll Brothers' homebuilding revenue dives 51 percent"
• "Hewlett-Packard outlook disappoints"

and...

• "Stock futures point to higher open on economic optimism"

Comments

[rick12345:]

Yeah I know?? I'm still trying to figure out why the market is rallying today???

May 20 10:58 AM

[Chandragupta:]

Good observation! With every piece of bad news, the markets are rallying, because the bad news was still "better than expectations"! This is insane, the markets have lost touch with reality. With so much of liquidity being pumped in by all the Central Banks, the next bubble is building up. There cannot be any other explanation of this phenomenon.

May 20 11:36 AM

[conceptwizard:]

The markets are in fact being manipulated. It is the only logical answer, as Spock would say. It would would better if the PPT would at least make it look like it wasnlt fake. Valuations don't even count anymore. Two -thirds of the trading is being done by the "to big to Fails". They are putting out buys on each other so capital can be raised. This is a vitual nightmare.

May 20 12:13 PM

[Roger Knights:]

"Two -thirds of the trading is being done by the "to big to Fails". They are putting out buys on each other so capital can be raised."

"With so much of liquidity being pumped in by all the Central Banks, the next bubble is building up."

We know the dénouement: Pop goes the weasel.

May 20 02:40 PM