LOL..... lets see. 50% of all trades is Goldman Sachs running their 50 millisecond High frequency trading progam and that is supposed to inspire confidence in a market rally?
From
JS Kim on Seeking Alpha:
".......If the mission of this current manufactured leg-up in Western stock markets was to fool the world into believing that global economies are recovering, then clearly, up until this point, the mission has been a resounding success......"
"......As of September 4, 2009, shadowstats.com reported that unemployment in the US is now near 21% and is showing no signs of improving any time soon (when factoring in discouraged workers, part-time workers that can’t find full-time work, unemployed workers that have fallen off the unemployment roll, etc.). In fact, yesterday, Manpower’s Employment Outlook Survey reported that US employers’ hiring plans for the upcoming fourth quarter dropped to the lowest level in the history of its survey which dates back to 1962....."
Yet another trader looking at our reality and wondering aloud how we come out of recession when 1/5 of the country is out of work. How do we show legitimate positive GDP under these circumstances? ....We can't and we don't....
It's worth reading as the guy has nailed it.
The Coming Consequences of Banking Fraud -- Seeking Alpha