Warm_Paw

Is This Rally in Its Final Innings?

Good Article!
Things haven't made sense for a while now.
Did the Fed think markets would bid themselves up to 2007 levels and allow banks to unwind their MBS' without any kind of natural pullback?

Is Goldman inflating oil at a time when the oil traders are going to beg for more production cuts on May 29?

The employment numbers say people are still losing jobs. I grow weary of hearing the loss numbers being held up to show their less severe. Their severe on top of severe.

Everybody wants a bottom but they don't want to ask the question that will bring those green shoots, then do what has to be done to get us out of vapor lock.

The question is:
What percentage of bank's balance sheets are toxic asset and what percentage are healthy capitalization?

Next, banks revalue their toxic assets or unwind them by selling them to the govt.

Until that happens, we're in a bear market rally that's getting hyped by CNBC who like to interrupt anyone who has a logical argument to say things are not as rosy as they seem.

Investment houses are on the sidelines.
The public will take yet another haircut until the above steps are taken. Greed keeps deluding the public into believeing this next rally is the sideline money coming in.

Smart money isn't going anywhere near this market till fundamentals are sound. Smart money knows the powers that be - will and do lie to the public to sway public sentiment.

Hey Public - see Dodge - there's your green shoots for you.