Friday’s Stock Surge Was to be Expected

John Crudele of the New York Post wrote the following article.

Stock surge doesn’t make any sense

John actually does know why the stock surge occurred. Perhaps good manners prevents him from giving the reason.  I don’t get paid, so I have nothing to lose by telling the truth, offensive or not.

News, good or bad amounts to a free short squeeze. The jobs report on Friday was actually bad news to anyone who took the time to look at all of the numbers. Stock market bears of course had taken short position in anticipation of the market dropping further following Thursday. I have been warning people about this since August.  Any news bad enough to sink the market draws massive central bank intervention. A surprising number of investors still believe the system is honest.

 

Views: 0

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments