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Wednesday, November 24, 2010

The stock market is bull poopy (G rated version)

Yesterday 11/23/10, the Dow fell 170 pts-  among the causes were concerns over North Korea firing missiles into South Korea, the uncertainty over whether the European Union can get its financial cards in order, and real estate sales dropping 2.2% in October.

Today, magically the Dow rose 150 pts.

Did all the problems and concerns of Tuesday suddenly disappear today and all is well with the world? AP news says stocks went up because "Incomes rose last month and consumer spending climbed for a fifth month. That raised hopes that shoppers will hit the malls in droves the day after Thanksgiving, the start of the holiday shopping season."

THAT was the reason the Dow went up 150pts one bleeping day after falling 170?

Could it also be that Wall Street is nothing more than a rigged casino where the scummiest sociopathic human filth trade with each other on a daily basis with the goal of making as much profit as humanly possible while the bottom 98% of the nation receive no benefit?

Here's another AP quote from a different article-  "The Wall Street insider trading investigation may lead everyday investors -- already rattled by a stock market meltdown, a one-day "flash crash" and the Madoff scandal -- to finally conclude that the game is rigged... Americans have pulled $60 billion out of U.S. stock funds this year"

The truth is that the market goes up and down without any rhyme or reason.. it is the most conformist enterprise one can involve themselves in- a pack mentality that one follows arbitrary ups and downs that the media later rationalize at the stock market's closing bell.

Anyone who puts their money in this stock market is a Fool..  period.

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