Must mean the recovery is on. Why am I skeptical?
Because the only thing that’s changed is they relaxed mark to market. Not that it shouldn’t have been changed, but it’s smoke and mirrors. Bottom lines of banks may look better for the “stress test” now, but if unemployment keeps increasing (which it is) and foreclosures rise, their easing of mark to market will give a rosier picture than a true measure of how things actually are with the banks and toxic assetts. And isn’t that what got us into this mess in the first place, LOL.
Because every time there has been a rally this year, it goes back to where it started within 2 weeks.
An economy like our cannot recover with Socialism, it can only exhibit fleeting characteristics that look like a recovery.
You aren’t too far off about what the libtards think though. They are using the DJIA bumps as evidence that his policies are working yet when I ask them to explain why the Dow hasn’t reached to where it was when he first took office they can only say it is Bush’s fault that it fell in the first place(ignoring Diarrhea mouth Geithners ineptness of course).
The spike on the Dow is by those global mega-corporations that tie their profits to the international arena. They don't care about US interests.
Also, this is all a pig circus. The economies of all these nations are controlled by the international banking cartel whose goal for a hundred years has been global socialism, run from a global, central bank, based on a global currency.
We are witnessing the sacrifice of a nation (the US) for one man's extremely narcissistic ego, his Marxist ideology, and controlled by the international banking cartel that controls the politicians.
I'm only surprised that the Dow jump is so disconnected from other economic indicators. Makes me wonder whose trading.
“Why am I skeptical?”
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Oh, maybe because it is a sucker’s rally?