SPDR S&P 500 (SPY)

[montanamark]

hey 2bit. IMHO it is neither. our "economy" is based on the fed-central planning committee. the banks are in a bull run
because: (1) toxic assets are ignored, (2) the fed is pouring billions of taxpayer $ into the banks and buying everything from subprime mortgages (look at the balance sheet) to outright equities and backing bond sales with guarantees, (3)
the banks are allowed to rape consumers with sky hi interest rates, exorbitant fees and charges. Bernanke is publicly bragging about the fed buying bank stocks. if financials start to fade, there is immediate buying in GS. if the Qs start to fade there is buying in AAPL. if the fut go red at night, there is buying there. last week someone on tv said the feds goal was to push the market thru 875 to force fund buying. they need help to prop up the market and its not hard with the light vol. employment is rising but we keep hearing that everything is getting better. if any private individual engaged in such conduct they would be put in jail.
the whole stress test is a joke.