Posted on 06/07/2012 7:17:11 AM PDT by pickrell
Heavy gains were made in the stock market yesterday as traders reacted to the news that a shoelace factory in Burma would increase hiring.
An unnamed spokesman for White House spokesman Jay Carney, brushed aside suggestions that optimism was instead more closely related to the recently demonstrated power in Michigan that voters have finally had just about enough of progressive economic vandalism.
"Suggestions that extremist conservative ideas, such as acting responsibly with taxpayers money, could possibly have any bearing on whether or not people choose to invest, is simply silly. It had to be the shoelace factory. Anyway, that's our take and we're sticking to it."
Even Schwab is delusional. In their Morning Market View they say:
“US equities are higher in morning action, as investors are hoping to see an extension of yesterday’s strong, unexpected, and largely unexplained rally.”
Maybe I should call them up and explain it to them.
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