Thursday, April 23, 2009

No Rationale

I am telling the banks and the government are mixing it up with investors. I have not seen indicators denoting short plays as obvious in a long time. Yesterday General Motors defaulted on 1 billion dollars in notes. The IMF came out and said we are in a deep recession not seen since the 30's. Bad news is being completely ignored and snippets of good news are put on a pedestal. Volume is really low. People aren't trading because the market rally's on bearish technical and fundamental plays. Everything is drastically overbought and overdone on the buy side. The markets are no longer free. The financial power houses and the government are manipulating this market.
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