The Dow Jones Industrial Average was up an astonishing 254.71 points
on Monday. Wow! Is this the market recognizing that The Fed's locking in
free money with zero interest loans for the next two years means easy -read
free- money for capital strapped banks? Could it be that the Market was
reacting to the incredibly bad Dallas Fed report. Or the bad Richmond Fed
report or the really bad Philadelphia Fed report? Did this huge run up on
the DJIA run up on the bad news from Europe and their banking issues?
Apparently not. Dark clouds are forming over our financial world, looking
like a prequel to the crisis of 2008, of the numbers are backing this up,
yet the market went up. Stunning.
Well if you think this is the time to get into the stock market, I would suggest
that you think again before getting chopped up by the Wall Street hucksters.
The market could go up more this week, but beware, the holiday weekend
looms with the Employment Situation Summary scheduled for release on
Friday, September 2, 2011.
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