Thursday, January 17, 2013

News Terrible As Wall St Rejoices

34 people killed in hostage crisis in Algeria.
Citigroup disappoints on both top and bottom lines.
B of A must increase loan loss reserves.
Boeing dreamliner grounded world-wide.
China loses its edge.
And futures rocket higher. Reality is irrelevant!

But "adjusted" unemployment claims the best in 5 years. Only the "unadjusted" figures are bad!