Friday, March 21, 2014
All this today:
Unemployment claims were unexpectedly high, US sanctions on Russia, Russia is retaliating, housing is tanking, existing homes sales drop 18%, Philly Fed employment lower, Caterpillar sales drop 15 months in a row, largest steel maker in China defaults on debt, Russia now threatening to invade Estonia, and Wall st thinks stocks are worth MORE today vs yesterday. This is classic bubble!
Thursday, March 20, 2014
Tuesday, March 18, 2014
As Putin began speaking to his parliament, stocks leaped higher in apparent approval of Putin's bold aggression against another country. Putin threatened "retaliation" against Western governments that impose sanctions. Wall St loves tyrants, and always has.