Replies to post #51770 on SPDR S&P 500 (SPY)

[Two-timer]

Hi, TJ. The CNBC talking heads, with the exception of Santelli, showcased their ability to be shills for Da Boyz and GE this morning. To them, everything was just rosey. Not to worry about employment or the economy. Their panel of distinguished liars presented every reason imaginable to buy stocks. Meanwhile, Da Boyz had positioned themselves at last night's close for this morning's sell off. All that slosh (your tax dollars) was used by them to buy up stocks yesterday. So what do we have now? A jump in unemployment of 10 percent. The dollar dropping precipitously. Oil flying high at $131/barrel. Massive foreclosures nationwide. A Fed that can't cut--or raise--rates, and must stop giving away our money to insolvent banks. So, now the indexes drop for a week...until Da Boyz decide to screw all the shorts during OEX. Two