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One reporter from the floor of the NYSE called it a “no common sense” rally. The worse the news, the lower the earnings, the greater the political risks, the higher the market would go. However, it is taking intervention and a collective leave of your senses buying of a few key select large cap stocks to drive the markets higher.

There is a real push on to keep the market up at least until the end of the year. I believe that it has been well planned, coordinated and executed. The goal seems to be to avoid yet another negative year for the averages. Reality doesn't matter. The media has become nothing more than the propaganda arm of Wall Street and government. The spin, excitement and hype is almost too obvious.

TXN is trading over $20 in AH on news that its revenues won't DECLINE AS MUCH AS previously estimated. With media spin and hype, that is accepted as a positive.

Texas Instruments Raises Outlook

The headline is blatantly deceptive and misleading. I find this continuing scamming of the public disturbing.

Richard W.

"TXN is trading over $20 in AH on news that its revenues won't DECLINE AS MUCH AS previously estimated. With media spin and hype, that is accepted as a positive."

yep, and not only did Reuters run with TXN's press release but so did FT.com, Associated Press, CBS Marketwatch, TheStreet.com and Dow Jones Business News...it's reminiscient of the 90s bubble when a company would issue 3 or 4 press releases a day to keep pumping their stock....

As ever, thanks Rohry and good luck to everybody!

Stonewalls

"There is a real push on to keep the market up at least until the end of the year."

an interesting comment was made by Joe Kernan on Squawk Box this morning.....Eastman Kodak hit a new 52 week high yesterday @$36.73.....he looks for many more 52 week "highs" among the Dow components......the reason is that the old high numbers have dropped off the back of the 52 week chart...EK used to be in the mid 40s,but those numbers are now on the 104 week chart.....I expect that some of the biz media will cite these phoney "new highs" as proof that the "recovery" is in full swing....

Good luck to everybody, especially us ants!

Stonewalls

TXN is trading over $20 in AH on news that its revenues won't DECLINE AS MUCH AS previously estimated. With media spin and hype, that is accepted as a positive.
Texas Instruments Raises Outlook

The headline is blatantly deceptive and misleading. I find this continuing scamming of the public disturbing.

Ah; the old "switch from 'We're all going to die!!!!' to 'We'll linger another quarter or two before we all die'" trick <VBG>.