We are a Nation that reacts to words not truth.
We had theses headslines today
but as long as we have HAPPY TALK the markets go up , mind boggling isn’t it?: FACT DO NOT MATTER, JUST THE IMAGE OF ALL IS WELL:
DO THESE HEADLINES MAKE FOR AN UP-TURN IN THE MARKET AND CONSUMER CONFIDENCE?
# Bernanke fears recession could extend to 2010- Reuters
# U.S. home prices drop at record pace in December- Reuters
# Consumer confidence plummets to new low- AP
# Government looks to quell nationalization fears- AP
# AIG looking at alternatives for government loan- AP
# Yahoo and Microsoft: Deja Vu All Over Again- CNBC
# For High Earners, Tax Day May be Painful This Year- NYT.com
Home Depot reports 4th-quarter loss of $54M
Home prices post record annual decline in 4Q
Office Depot posts $1.54B loss for 4Q -
Oil well below $40; consumer confidence plunges
Target 4Q profit falls 41 percent amid downturn
Fidelity Investments’ 2008 profit falls 18 percent -
# Oil well below $40 as consumer confidence plunges- AP
# Prepare Yourself for Higher Gas Prices- T
Hmmmmm............... Wonder what this quarters numbers will look like? Can’t wait to hear the spin they try and put on these figures though.
Bernanke fears recession could extend to 2010- Reuters # U.S. home prices drop at record pace in December- Reuters # Consumer confidence plummets to new low- AP # Government looks to quell nationalization fears- AP # AIG looking at alternatives for government loan- AP # Yahoo and Microsoft: Deja Vu All Over Again- CNBC # For High Earners, Tax Day May be Painful This Year- NYT.com Home Depot reports 4th-quarter loss of $54M Home prices post record annual decline in 4Q Office Depot posts $1.54B loss for 4Q - Oil well below $40; consumer confidence plunges Target 4Q profit falls 41 percent amid downturn Fidelity Investments’ 2008 profit falls 18 percent - # Oil well below $40 as consumer confidence plunges- AP # Prepare Yourself for Higher Gas Prices- T
during normal times these headlines would drop the market 10-15%. Your PPT at work.