I think there will be a vicious attempt to pair back losses today at some point orchestrated by the bulls. I just don't think the bulls will relinquish control until the sellers wake up from their 5 month bear sleep.
Its so obvious that Wall Street wanted business as usual. Poor stocks outperforming good stocks. Portfolio managers chasing performance at the behest of risk.
The spin that has been around of late in the media,Wall Street and most importantly Government, is that if we can manipulate the various economic reports and general investor sentiment, we can then get the economy moving in our direction. This is so ass backwards. This is what the powers that be do to the electorate. Its one giant conspiracy to keep people stupid and in the dark.
Once the fundamentals of the economy (Consumer Spending/Housing/Employment) actually shows signs of improving, the sentiment will follow in the forms of better economic data. This is how you survive the normal business cycle.
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