~ Psst.. don't tell any of the women in this post they are actually wearing body paint not clothing and thus are nude.. it might affect the Dow shhh.. shhh...
Cyprus-Shyprus..
Hard to take any island-nation seriously where its people protest the bank holiday on day 10 and still do so peacefully... Guess they didn't get the memo that their leader extended the bank closings an additional two days to Thursday...
Oh well.. It's a new day.. time for a new topic..
Peeking in the stock market, we see the Dow is up another 100+ pts at 14,550 and counting..
Its funny.. we used to think the visualization of 'bullshit' was something brown and pungently nasty sitting somewhere in the grass... Now just have to turn on CNBC or other finance news and see the TV drenched in it...
The traders screaming Buy & Sell like hyper ADD monkeys... The analysts wearing $1,000 suits telling mom and pop their idiots for not buying into this market.. The attractive anchorwomen with their snug sweaters with intentional low-cleavage to make sure no one changes channels..
Ugh.. What else can be said..
Oh yes.. So Reuters writes the S&P 500 is within striking distance of its all-time high "as strong data on home prices showed an economy that was improving.."
Paragraph two, they explain, "Single-family home prices rose in January at the fastest pace in more than six years."
Hurrah! Glory Be Thy Name.. Let's 'Rally round the Flag Boys (and Girls) and shout the Battle Cry of Freedom', and 'God Bless America' and "America #1-- rest of world Sux!'...
OK, we made that last song title up but trust us, that's how Wall St thinks...
Now same article.. maybe 4-5 more paragraphs down.. what does it say?
"In a sign that growth continues to be slow, sales of new U.S. single-family homes fell more than expected in February, and the latest reading on consumer confidence was weaker than expected."
Huh??
So.. The market rallied over 100pts so far based on January 2013's single-family home sales figures, and Yet ignored the fact that February, 2013, which comes AFTER January, fell more than expected, dropping from 431K to 411K...
Ah..
And then there's consumer confidence.. The Consumer Confidence Board released its monthly estimates.. "March consumer confidence plunged to 59.7 from 69.6, and well below expectations of a 67.5 print."
Gee, that's never good is it.. Certainly not +100 pts or whatever 'good'
But most people really don't give a damn.. Let's be honest.. The finance media can point to a chart or graph or say the rising stock market is based on watching celebrities 'dance' and jump off diving boards..
As long as things keep going up and people's 401Ks and pensions keep rising, does anyone really have the guts to point out the "Emperor" is naked with his shriveled up grape-sized tally-wacker exposed for all to see??
Who wants to rock the boat and stop this 'exciting rally' based on fluff, fart blossoms and $85 billion/month in Fed money which breaks down to $1,967,592.59 spent Every MINUTE based on a 30 day month, 24 hrs/day, etc...
'Hells-bells, if my personal investment portfolio goes up a couple hundred dollars every month, that's $85 billion well spent.. heh heh~ '
Government and bankers and financiers can manipulate a lot..
But one thing they can not control fully is human behavior i.e. greed... And when the day comes when people feel this market can not go any higher, there Will be a massive sell-off.. orderly then panicked...
Its just how the human animal was constructed...
And where will you be then?