I ran across this ridiculous headline on Yahoo! Finance (which is nothing more than the CNBC of the Internet) and I wanted to make a few comments.
"Stocks mostly rise ahead flood of earnings reports; Banks get a boost from analyst upgrade"
First of all let me tell you who Meredeth Whitney is in case you don't know. She's a former banking analyst from CIBC who left to start her own research firm. Whitney has mistakenly been credited aby the financial media as having been ahead of the curve throughout this collapse, when that facts indicate otherwise. She is merely a hindsight follower much like the other clowns out there who have big media exposure.
The fact that some clown can get on CNBC and upgrade a bank (Goldman Sachs) that controls the Federal Reserve and which orchestrated much of the fraud we see today emphasizes the ridiculous nature of America's financial system and financial media. I get so sick to my stomach when I see these games being played that I suspect an ulcer is on the way.
The messege is this. If you chose to play the trade, including the upcoming bank earnings, you need to realize the big picture because any potential momentum isn't likely to last. You'd have to be quite foolish to believe any earnings from the banks, much less believe any "analyst" from Wall Street.
As you might expect, CNBC continues its market pumping propaganda. Along with the banking criminals who were rewarded handsomely for destroying 50% of the global wealth, these dirty crooked CNBC ********* deserve to be stoned by everyone who lost money in the greatest heist in world history.
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