Obamanomics is a joke. He is relying on his charisma to fuel the spending recovery in the US. Obamanomics is responsible for propping up the stockmarket, so sentiment will get better and thus consumer confidence will rise so that ppl will spend more. His propanganda machine is working overtime...save 600k jobs? how did he work that out?
stocks have been artificially pumped higher by PPT so that feel good factor can come in so ppl will spend. so far the only ppl that have bought the rally are mutual funds sitting on high cash levels. this is just a longer version of that happened in the first few weeks of January when the dow went to 9000 and was +10% ytd. we all know what happened after...
SPY has trouble breaching 934...3rd try coming...if it doesnt then its down we go. I doubt that the last 8 years of excess can be resolved in a mere 18 months..........
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