Tuesday, January 10, 2012

Markets Are Just BLAH


That's the one word that describes this market and generally the state of US equity markets for the past month.

Yesterday was the low volume day for the new year. Today wasn't much better.

Today, stocks shot up at the open, reached the highs of the day early on and drifted in a narrow range for the remainder of the session. That's it. Nothing happened that would affect markets in either direction. The Ponzi scheme of the banks, the Fed and the government is working to perfection. Stocks will slowly move higher until there's some need to liquidate (like options expiration next week).

Otherwise, shut up and spend, peons. Everything you need will get more expensive while your wages stagnate or get cut, unless you work for the government or collect a welfare, disability or SS check.

45 million on food stamps. No growth. No incentive to start new businesses. Overregulation. The American Dream died somewhere between 9/11 and the mortgage meltdown which began in 2007. Get ready for a long, slow, painful decade of dashed hopes and failed families.

(I wish I could be more optimistic, but it's simply not possible.)

Mitt Romney or Barack Obama? Does it really matter? Both are tools of the banking elite as are most of your senators and representatives in the House.

Not only is the economy crumbling, so is the whole country, from the infrastructure to the societal norms to civil liberties, which have been dashed and pounded into dust the past 11 years.

Just BLAH. And, BAH!

Dow 12,462.47, +69.78 (0.56%)
NASDAQ 2,702.50, +25.94 (0.97%)
S&P 500 1,292.08, +11.38 (0.89%)
NYSE Composite 7,668.90, +84.24 (1.11%)
NASDAQ Volume 1,815,157,750
NYSE Volume 4,201,000,500
Combined NYSE & NASDAQ Advance - Decline: 4221-1407
Combined NYSE & NASDAQ New highs - New lows: 252-42
WTI crude oil: 102.24, +0.93
Gold: 1,631.50, +23.40
Silver: 29.82, +1.03

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