Fake Out: Stocks Rise on Phoney Dough

Today the Dow, CAC, and DAX have been bumper wild with gains exceeding their best days ever because European banks in concert with financial institutions in Asia and the United States today announced their intention to print money more fictitious than stories of a plan to save our financial institutions from the ever more certain ruin they've been flirting with these past few weeks.
The goal here is simple: These institutions need to see consumers buy stock. Until that happens, nothing will happen. Sorry to be so obtuse, but they're banking on using other people's money (that's how credit works) and if credit markets don't start working tomorrow (they're closed today) we're going to see another bottom in the world's stock markets.
Anticipating a possible end to the crisis, oil prices moved highers as well, an indication that a corrected credit situation will re-boot the hopes in manufacturing circles.
Most improved: Morgan Stanley which gained 50%.








what did greenspan say?
what did greenspan say? exuberance? the g7 says "our money makes good toilet paper too" and the market celebrates?
buyer's remorse is gonna be a bitch!
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By commiecakesOctober 13, 2008 - 3:19pmOne thing's for sure...
Those who champion "Free Trade" and snub "Fair Trade" are SO NOT the ones who can be trusted to try and stuff that genie back into the bottle!
PITCHFORKS AND TORCHES!!
YES...I'M PISSED OFF...AREN'T YOU??
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By roadgoddessOctober 13, 2008 - 7:47pm