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  • Wall Street Breakfast: Must-Know News [View article]
    Market rallying on bad retail numbers. High end retailers up, middle class retailers down more than expected.

    Consumer defaults hit new high - what did they expect, people to NOT follow the example of debt spending by the banks and government? More moral hazard to follow.

    CNBC reported that strangely enough consumer spending in California was up. Hmmmm....perhaps their belief in the recovery and debt spending is back in full swing, and debt spending back in style? California has always been good at living for the moment.

    Dodd's Detour - Dodd's attempt is one to politicize regulation, put it in control of White House/Congress and take it away from the bankers (ostensibly). Of course, if the politicians are bribed by Wall Street - the appearence of regulation "by the people" is there - but the reality is hidden. So...this is classic Dodd/Frank Roman Senate maneuvering.
    Nov 05 11:33 am |Rating: +3 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The propping up can only last as long as the majority of us peasants are working and have food.

    Peasants in the streets without work and food = trouble for the aristocracy and the oligarchy.


    On Aug 06 09:43 AM futurestrader wrote:

    > man o man...at least 1 article a day on how a bank has failed or
    > is losing hundreds of billions, and the market just shrugs it off..they
    > rally on some bs earnings report where some company laid off 30%
    > of its workers to squeak by consensus. Not that i think the market
    > should be predictable, but come on, this is beginning to be obsurd..Well
    > it has been obsurd for a couple of months now. oh well, I will leave
    > with my 2 cents...If you are long this market, you better be really,
    > really, really careful, because 80% of this is smoke and mirrors,
    > and sooner or later the truth will prevail.When that day comes, you
    > better hold on to you hat, because it will be a long ride down...or
    > maybe not, maybe the ones pulling the strings will continue to prop
    > up this market forever with a bunch of bs
    Aug 06 10:31 am |Rating: +3 -1 |Link to Comment
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