SPDR S&P 500 (SPY)

[2bit-nothing]

Just look at the problems in Europe, it is not over yet, you have Portugal and Spain next to default, yet the market was up big. The initial claims and continued claims have increased, yet the market was up big. Today's unemployment no is 9.8 from 9.6 and job creations are pitiful and yet the market barely falls. If this is not manipulation, I don't know what it is? Reverse optimism? A descending triangle breaking to the up side while the Fed's printing money? This has to be a first. Never mind talks about extending tax cut for the middle class. Think about it, Ben's QE I, II, III...are the biggest tax increase in American history. Your dollar is worth a nickel by the time it is all over. The only reason the dollar has a temporary rise is because of the falling Euros with the problems in Europe. If the Euros keep falling Ben has to do QE to the nth degree and eventually the dollar will be worth less than toilet paper.

2bit