See Friday's entry. Don't ever doubt me. Unlike others, I predict things (correctly) in foresight. I told you that the stock market rise on Thursday was total fiction, exposing a stock market that is broken--rightly destroying people's confidence in a rational financial system.
As of this morning, the stock market hd essentially lost all of what it "gained" on Thursday. The NASDAQ was lower this morning than where it ended on Thursday, and the other indexes were only slightly higher. Did you ever doubt me when I told you that nay stock market trader who bought near the top of Thursday's fictional late rally was brain dead stupid? I hope not. The Dow went 900 points from low to high on Thursday, and that was conclusive evidence of a market that is broken.
There are people out there (idiots all) bemoaning the lack of "confidence", as if obviously broken financial markets (with nothing at all being done about the broken computer casino that our stock market has become) deserve any confidence.
Nope. I don't know where the computer casino that the stock market has become is going today. They Dow dropped 337 points in the last half hour on Friday. It made a similar up move on Thursday. Who knows what it will do in the last hour today. What we do know is that the "experts" who then talk about "why" the market has made a specific move, as if there were actually rational, fundamental explanations, are total idiots (with apologies, again, to idiots).
I repeat: The stock market is broken and the people on Wall Street now are some of the stupidest people who ever lived--again including Neanderthal man in the definition of "people".
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