PBS Frontline interviews for anyone wanting to fill some blanks, from the horses mouth.....
excerpted (2nd interview Well Fargo AAA bank forced...
Pretty funny. http://www.zerohedge.com/article/new-wall-street-reality
The New Wall Street Reality
GM chapter 11 = PRICED IN
125K+ jobs lost from GM chapter 11 = PRICED IN
unemployment @ 9% = BETTER THAN EXPECTED
unemployment @ 10% = DOW SOARS
unemployment @ 11% = GREEN SHOOT RALLY...
Stock futures point to modestly higher opening
Stock futures point toward higher opening as investors wait to hear from Fed chairman
By Stephen Bernard, AP Business Writer...
Heard from a US friend that Goldman Sachs has engineered the current rally on Wall Street.
They are the biggest buyer of shares (over 1 billion per week recently) Their own share price has jumped from $75 to $125 which allowed them to raise $5 billion at a price 65% higher than earlier in the...
21-Jan: The US market ended the week with heavy losses, as both GE and Citigroup failed to meet investor expectations in their latest earnings reports.
Despite an increase in sales, Motorola was also unable to satisfy investors after producing a reduced profit outlook.
A sharp rise in...