SPDR S&P 500 (SPY)

[surehands]

GDL, I for one appreciate your posting, great info and frankly you've been spot on correct.

However, I believe that there is some truth in the below article. Which will someday hit the fan! (shit that is). May explain upside to earnings report.

http://dailyreckoning.com/exposed-sp-500-earnings-fraud/



EXPOSED: The S&P 500 Earnings Fraud

A new research report has corporate America and Wall Street reaching for damage control…

Marketwatch recently conducted an in-depth analysis of the top 50 companies in the S&P 500. And what they found was widespread corruption.

An overwhelming majority of America’s blue-chip companies are purposefully promoting false earnings.

It’s a sleazy scheme that makes executives rich while masking the true financial state of corporate America.

Let me show you just how rotten things have become…