Just don't believe

Well we are off 200 points from the opening frenzy. I will saw this again and it was just spoken about on Rush Limbaugh show that the markets are being propped up by the FED. The volume is low all that saved the markets two days ago was the FED coming in and buying if it was not for that we would have been down huge. YES HUGE. So the powers that be still are just playing around with the regular guy and that's all, don't get caught chasing a shadow!!

Initial Claims

The Department of Lies has released its latest initial claims report: last week we saw 453,000 initial claims, meaning the economy continues to lose about 50-100 jobs a month. This was slightly better than expectations of 460,000. Yet what the market once again misses is that for the nth week in a row the previous week's claim number is revised, as always, higher, but who cares.