cnbc is giddy ,kramer is beside himself, Latoc says its just another pump and dump to milk the suckers (us)
I understand the band on the Titanic was playing good music-- as she went under---. I have in my hand a current issue of a qualified investor newsletter which carefully says that there are no supporting fundamentals for the rise in equity prices. Anyone need a translation??? Laus Deo overbore
Overbore, is your flag going up or down? For me ,I think my flag is going down with the ship of state!
The rise in equity prices is hope based. Just a little higher, and I'll do something remarkable, like buy more firewood and Mountain House. But gasoline when up a nickle overnight.
I remember in the 1980s every time unemployment went up the stock market went up. I think were starting to see that again. I did see on the news last night, the recession is over, but there wont be any new jobs any time soon, and unemployment is likley to reach 12%. I guess news outlets make stuff up to fill the time slot.