I noticed that beginning around the first of the month…

An elevated level of 2010 “recover hyperbole” was getting passed from continent to continent…from the U.S. then to Asia and to Europe and back to the U.S. again…and so on.

All of this foolishness was working…for awhile…intil Alcoa (somehow by some force) had to give out some legitimate financial reports…and then very abruptly…last night…down it came…

http://investmenttools.com/futures/bdi_baltic_dry_index.htm#bdi_sp

…along with the BDI…which apparently (by listening to all of this international financial projection BS) began to see a “shipping rate” pot of gold at the end of the rainbow…and shot up for a few days…the same time the Las Vegas Consumer Electronic Show was on…and then…only to drop right back down to continue on it’s original path…in perfect lockstep with all of the various hyped-up press releases back to Jan 4th.

Ma’goodness !!…what a bunch of foolishness.

A little less “big-dealing” America…and a little more “actual” commerce…with a little more “actual” production…and “actual” sales…and booking a little more “actual” profit…with a little more “actual” earnings per share…maybe a little more “15 times”(PE)…and a lot less of that “100 times (PE) stuff.

- mainersteve

Related Posts:

• Notice: The Baltic Dry Index (BDI) is on it’s way back down to a slow’slump…and has been since mid-November.
• What a hoot, from CNBC - you can’t make this up:
• Dow + 10,000, whew knowing it has finally reached 5 digits makes me feel all warm and fuzzy inside.
• The market will turn very soon.
• Here is the REAL story: Continuing saga of CONTINUING unemployment:

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