What I'm witnessing is UNBELIEVABLE to say the least. The market RISES while many a COMPANY reports EARNINGS are DOWN. The UNEMPLOYMENT and DEBT situation continues to WORSEN while the Government keeps reporting BOGUS numbers and saying things are getting better, all the while IGNORING warnings by its own GAO. ( General Accounting Office )
I believe the lesson that is prevailing is that we ONLY LEARN when we have to run through the fire and get our a$$ burned.
I may have just heard some famous last words spoken on CNBC an hour ago... "What a rally today folks!"
With the "folks" in there it sounds like a Bartiromo line.
If it is one should fade her in a big way.
Last time she used "folks" in a sentence like that it was "Maybe folks should SHORT this market". That was at S&P 666.
Fade of the century. Could well be famous last words.