>>Dow’s up 100+.
Go figure.<<
I’m sure they will say it’s “bargain hunters”. When the PPT pushes the market up on only bad news, what else are you gonna say?
It makes perfect sense that the equities markets are up big today.
A "better than expected" report on GDP signals a more "inflationary" trend than originally thought. Any tendency towards inflation makes corporate debt cheaper to pay off and increases their bottom line - stocks go up.
We also had Bernanke saying today that the Fed "might" be willing to do things to add more liquidity to the market. This is being interpreted as a monetary injection - which would be inflationary - stocks go up.
The GDP numbers are a sham based on massive Federal government debt spending. We are in an economic depression.
Bernanke is lying. The international banks want deflation, not inflation. It's all about wealth transfer at this point. Again, we are in an economic depression.
Kyle Bass is right on the money with many of his points.