Dow + 10,000, whew knowing it has finally reached 5 digits makes me feel all warm and fuzzy inside.

I’m sure the bars in Baltimore will have free shots all night long in celebration. Thank you President Obama, thank you banksters it couldn’t of happened without you! Without your greed and lies, and half truths who else could we count on to rob from the American people and call it a “profit” ?? What a joke…

Company’s continue to “beat” extremely low expectations? I mean, if we set the bar too high it would choke off the recovery and we wouldn’t want that! Futures are fired up and ready to go big time! I guess we should ignore bottom lines, we should ignore unemployment, and we should be contradictory in our reporting. You know, like saying before earnings are reported “pay no attention to Alcoa or JNJ” and then when they surpass expectations turn right back around next day and say “would you look at that! global markets are stabilizing recovery is here!” It is hypocritical and a joke. Of course, none of this is priced into the current rally. Maybe we should expect 11,000?

Perhaps we should ignore Fed money printing 24-7? Maybe forget about commercial real estate troubles, continue to give Obama a free pass, forget the fact that banks got us into this mess, we should forget that all the foreclosed homes are still sitting off balance sheet. Maybe we should also cheer oils rally as it approaches $80 per barrel?

JPM “crushes expectations” with $3.6 billion profit in the 3Q. It sure does help when all your @#$%&! assets and bad loans are backed by the Fed. Also helps when you can borrow money at zero percent only to turn around and loan it out to small business at 7 percent. What a joke an absolute joke. Has president Obama brought about real change or is he intent to keep the status quo? The system will never ever change when you have big money banks, wall street kings in cahoots with the government! Sadly, we will never have a leader that has the guts to stand up to wall street and bring about real reform.

ImpendingDoom

Related Posts:

• the markets have suddenly gone from worries about the next Great Depression to talk of “green shoots” and “glimmers of hope.”
• Allow me to remind us all of Wisdom from a Patriot……
• Americans know better, and are holding on to their cash. This market is headed on the way down.
• Housing bubble: It’s was pure & simple greed.
• Here we go back to the 1930’s type economy.

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