We're constantly hearing this party line about how tax dollars went to help wall street rich people get rich and skip off from having to atone for their sins. Somehow, the TARP, the Quantitive Easings, and the Taper were all pork fed to bloated pin-stripers. Here's the 'proof':
say what?
So a few days ago the Dow and S&P hit all time highs and now they're falling below 10 week averages. Go figure. In perspective we're still within bull market trend lines mapped out on this thread, but this morning's futures are downbeat and the news is all over:
You're Missing the Biggest Bull Market in the World - Joe Weisenthal, BI
Fear Is Back on Wall Street: Dow Falls 200 - Ben Rooney, CNNMoney
Without True Price Signals, Finance Lacks Meaning - Jeffrey Snider, RCM
J.C. Penney Company, Inc. Stock Soars 25% On Sales Jump ValueWalk - 2 hours ago J.C. Penney Company, Inc. (NYSE:JCP) shares skyrocketed more than 25% in after-hours trading Thursday after the company reported solid sales growth in the first quarter.Stung by weather, profit at Walmart drops 5% Boston Globe - 7 hours ago Walmart reported a disappointing quarter Thursday, with profit down and sales at its US stores essentially flat. The retailer joined a growing chorus of companies partly blaming the unusually harsh winter weather for performance.