I listen to Bloomberg radio in the mornings and some guy was on this morning expounding on all of the reasons why the market is going higher (S&P to 2014, DJIA to 17700). The problem is a lot of what he was saying as fact was just not true such as the US is exporting more when in fact the trade deficit was up this past month in part due to lower exports. He was saying we're experiencing a normal economic recovery now (not mentioning all of the Fed liquidity). etcetera, etcetera.
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