Reply #72: Propaganda Watch: Today's Pravda Headline: "Stocks up 2% On Analysts Comments" [View All]

[TheWatcher]

Today was another perfect textbook Example of Market Manipulation.

The Futures opened down nearly 100 Points last night, but an overnight Stick Save and now this steaming pile of Bullshit means the Economy is just fine.

Financials pull stocks higher ahead of earnings

Stocks surge ahead of earnings reports as analyst upgrades Goldman Sachs; Dow jumps 185

NEW YORK (AP) -- Investors are betting that strength in banks :rofl: could juice the entire economy.

Rising financial stocks propelled the stock market to its biggest one-day gain in six weeks Monday after an influential banking analyst raised her rating on Goldman Sachs Group Inc. The bank reports earnings on Tuesday.

Meredith Whitney said also on CNBC that hard-hit Bank of America Corp. is inexpensive given the assets on its books. :wtf: :rofl:

Her upbeat, albeit still cautious, tone on banks helped lift the Dow Jones industrial average 185 points in relatively thin trading volume. It was the best performance for the blue chips since June 1 and follows a month of often directionless trading in which investors looked for any fresh sign that the economy was improving, not simply licking its wounds.

Goldman has long been considered the strongest bank amid the economic downturn, but Bank of America has been one of the hardest hit by loan losses. Any improvement in banks' profits could shore up their financial position and free money for lending.

http://finance.yahoo.com/news/Financials-pull-stocks-higher-apf-1742403052.html?x=0&sec=topStories&pos=1&asset=&ccode=

I really don't know why I even bother to point out and highlight the Propaganda anymore, because I think most of the "Rebel Fascists" who post here pretty much understand the environment we are in.

We no longer have functioning Markets, just a Manipulated Casino. We no longer have a Real, Functioning Economy, just a Service Based Ponzi Structure run by a Mafioso.

Nearly all of the economic news is lies, bullshit, and Propaganda.

I think we are at a point where those who can see and know what's going on are going to need to rely on each other and ourselves, and our instincts and smarts to figure out what's really going on, so we can adapt and prepare for ourselves, our families, and even our friends and loved ones to survive whatever is coming.

It is clear The People no longer matter.

Mainstream Economic news is a waste of time.

You have to keep your eyes open, your ear to the ground, and figure it out for yourself, and seek the truth on your own.

Because WE ARE ON OUR OWN.

Welcome To Hell.

But, if we look out for ourselves and each other, as Bon Scott of AC/DC once said, maybe "Hell Ain't A Bad Place To Be."

Seeing some actual justice and a return to reason and logic wouldn't be half bad though.