Does This Make Sense How The Market Goes Up On These Headlines?

[EV_Ares]

Stocks surge on profit reports from Citigroup, Google

Gas prices push closer to $3.50 a gallon, oil hits $117

Former Fannie chief agrees to $24.7 million settlement

AT&T to cut about 4,600 jobs

Citigroup loses $5.1B, will cut 9,000 jobs

Now gas and food prices are really cutting into the average joe's income and the loss of jobs across the country keeps on going. The job market is getting worse and will be a bad year for college graduates.

Goes to show you, the market runs on emotion, not reality, they focused on a good report from Citigroup and Google and ignored the reality of the other news. Watch when the herd mentality takes over and realizes that oil hitting over $117.00 a barrel helping to push gas to $4.00 a gallon will further erode spending by the consumer.

[keep_it_real]

1. It's called "vulture capitalism"

[notesdev]

2. Everything else is either overpriced

or already in the crapper. People don't know where else to put their money, so they put it in stocks.

Boy, are they in for a surprise this summer.