Exactly!!!!!!!!!!!!!!!!!!!!!!!
Submitted by ilene on 04/16/2012 22:21 -0400
Miraculous Movement Masks Momentum
By Phil of Phil's Stock World
It's a miracle!
Despite Asia continuing its downhill slide, despite the Bank of Korea lowering their Economic Outlook, despite Swiss PPI showing DEflation, despite Spain's 10-year bonds rising to 6.07%, despite India's inflation at 6.89%, despite the 5-year CDS spread on Spanish debt hitting new records, despite James Galbraith warning that the EU periphery will collapse, despite the Saudi TASI Index dropping 4% in the last two days, despite the biggest weekly drop in Copper Futures of the year, despite Credit Suisse cutting 5,000 jobs and Best Buy closing 42 stores, and even BMW sales off 30% in Brazil....
Despite ALL these weekend news items and DESPITE our Depressing Weekend Reading - the bears, as Steve Martin says in the above clip, still have DOUBT in their heart and are allowing the Futures to rise this morning as Europe bounces up 1% from its 30-day lows in this traveling revival show known as the stock market.
Faith is a wonderful thing and we may like to believe in miracles but a good investor demands PROOF - much the way many of our biblical heroes required signs from the Lord before making commitments. We don't need a burning bush but we do need more than vague promises of EU action before we believe their 5 loaves and 2 fish will be enough to bail out the entire continent, right?
http://www.zerohedge.com/contributed/2012-16-16/miraculous-movement-masks-momentum?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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