Slaves To The Orgy Of Money

03/11/2008 § Leave a comment

 

The Dow, powered by its PPT anti-gravity machine, and in the face of some of the worst economic news of all time, still somehow managed to tack on an unbelievable, mind-blowing and stupefying 889.35 points as the Conference Board Consumer Confidence Index dropped off a cliff from September’s 61.4 to October’s 38, an all-time low (the "experts" expected 52), as the Standard & Poor’s/Case-Shiller 20-city housing index dropped 16.6 percent in August from a year ago, the largest decline on record going back to 2000, and as the smaller, 10-city index, fell 17.7 percent, the biggest decline in its 21-year history. The last of the wild, PPT-manufactured 700 Dow rally points came in the last two hours of trading as the insiders took advantage of low volume, short-covering and a much weaker yen to give the Dow a blastoff to 9,065.12. Just what you would expect as consumer confidence and real estate prices drop into the toilet…

GET OUT WHILE YOU STILL CAN!!

Slaves To The Orgy Of Money – The International Forecaster

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