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Expect US stocks to go up Monday!
Oil $95.26 +1.55 +1.65%
Expect everything to slide south before weeks end. I've seen this movie so many times, I can ad lib the lines before the actors even hit the stage.
Then comes Bernake to the rescue and he will now buy 100 billion dollars worth of stocks and commodoties every month and give it to the banks for free.
Stocks are down a little though today. But it's early. When stocks don't react to the news, pundits say a supposed triggering event was "already built into the market."
The entire global banking system is corrupt. Why is that when banks give risky loans, loose their investment, they get a bailout. Small businesses and the average investor don't get that kind of "insurance" from the goverment. Banking has turned as risky as the stock market. You may loose your savings to the banks. Greed has turned this world upside down. Thinking twice about keeping my money in the bank.
"Somehow it seemed as though the farm had grown richer without making the animals themselves any richer-
except, of course, for the pigs and the dogs."
-George Orwell, The Animal Farm
"Was there ever a people whose leaders were as truly their enemies as this one?"
-Ernest Hemingway, For Whom the Bell Tolls
"How did you go bankrupt?"
"Two ways. Gradually, then suddenly."
– Ernest Hemingway, The Sun Also Rises
http://www.marketwatch.com/story/cyprus-lenders-agree-bailout-deal-reports-2013-03-24?dist=lbeforebell
Expect US stocks to go up Monday!