Gtarras

Stock Market Rally Is for Suckers as Credit Destruction Lingers

"With the FASB engineering a hocus-pocus act on bank earnings last week the market is expected to get a boost from the new trend in phony financial services accounting. "

Count on it.. I am the one who is forced to calculate and report bogus negative MTM results at a desk (look at my prior posts, i've been pounding on FAS 157 over the past 6 months).. Guess what, hocus pocus act is the one we had PRIOR to last week.. Keep dreaming that the rally will stall...