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Posted by F. George McDuffee on July 24, 2009, 10:08 pm
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distro pruned to amc and rcm
On Thu, 23 Jul 2009 15:49:22 -0700 (PDT), rangerssuck
>> =A0http://www.usatoday.com/news/washington/2009-07-23-obama-poll_N.htm
>
>And, whether the righties want to admit it or not, the NASDAQ has
>gained over 22% this year, and the Dow, today, topped 9000 for the
>first time since January.
>
>But we're all going to hell in a handbasket.
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All this means is that the stock bubble is being re inflated.
None of the companies have discovered a plutonium mine in their
basement or won the lottery, so where are their earnings coming
from? Increasing stock prices without increasing earnings is
the very definition of a bubble.
Also the major exchanges [except the NYSE] have devised a new way
to scam the typical investor by "front running" their orders
through so called flashes to large traders with computerized
trading programs that can react with a less than a second of
advanced notice.
see
http://news.yahoo.com/s/nm/20090725/pl_nm/us_schumer_flashes
The stock market is even more of a fixed/rigged game than it was
last time.
Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?
Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).
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