Calling BAC a strong buy after an almost 300% run up shows how little you know about the financial markets!
By Daniel at 15 May, 2009, 1:03 am
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Corporate news (CNBC, FOX, CNN, etc.) follows corporate orders (who do you suppose pays the bills).
The FED Reserve is a privately held corporation (for starters, just look it up in the white pages, no more federal than Federal Express). The FED reserve is inextricably intertwined with the globalist banking cartel, which owns the FED. The markets are rigged, i.e., totally manipulated. For starters, google ‘Executive Order 12631 - Working Group on Financial Markets - Mar. 18, 1988; 53 FR 9421, 3 CFR, 1988 Comp., p. 559’, i.e., the Plunge Protection Team (PPT).
Okay, this is how it works. In order to justify the in-your-face robbery of the US Treasury, the markets had to plunge big time – the financials in particular (you know, approve this ‘bailout’ Mr/Ms Congress, or else martial law/the markets drop like a rock/financial Armageddon/pick your own Apocalyptic headline. The media had only NEGATIVE after NEGATIVE to say about the financial sector. The media whores obeyed their masters, and the dumbed-down public bought it hook, line, and sinker. No more credit Mr. Joe six-pack unless you acquiesce. No more feeling like you’re part of the elite, Mr.Yuppie, unless you snicker and try to act cool in front of those who desperately endeavor to open your eyes.
So now, the corporate media whores have nothing to say but positive spin about the financial sector. No matter how bad it really is, they tell us that it isn’t as bad as the ‘whisper number’, or as bad as someone thought it would be. And the financials rise. The recent announcements of dilution by WFC, MS, BAC, etc., results with price appreciation. The economy is like a snowball rolling downhill headed for hell, yet the media whores bleat ‘recovery/the bottom is in/the financials eat rainbows and poop butterflies/pick your fantasy’. It’s one scam after another.
So what does all this have to do with BAC? Well, in simple terms, BAC is about to be sucked into the abyss of the financial black hole. The pps has been artificially pumped (PPT) in order to facilitate the dilution. Once reality sinks in, it will get really, really ugly.
But hey, don’t take my word for it. In fact, why don’t you do your ailing 401K a favor, and rip yourself away from the sports diversion for a couple of hours and discover life outside the Matrix. Oh, I almost forgot, that’s your cue to try to act cool and tough and snicker with your “conspiracy theory” cop-out.
Bottom line, the Wizard of OZ is about to create a reality for you that it will make Dorothy leaving Kansas look like a Sunday afternoon romp in the park.
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