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On the heels of another MASSIVE European continent sovereign downgrade, plus the promise of UK & French downgrades, the market was saved again with a rumor. It wasn't just any rumor though, but the same old nonsensical Greek bailout rumor that never seems to grow old. With only a few minutes left in the day, the usual rumor was released to the usual financial outlets, before the close, that resulted in the usual change from a down day to a positive close. Isn't it odd that the bad news like MASSIVE SOVEREIGN DOWNGRADES are always released when the market is closed; however, good news is always released during the trading day? If I wasn't so jaded from so many obviously and bullishly rigged maneuvers by politicians and central banksters to achieve their preconceived outcomes, I'd say this was a freak occurrence. From experience, however, one must conclude that the timing of these things is completely controlled by the "powers that be" (read: Fed, Treasury, ECB, IMF, BOE, World Bank, BOJ, etc, etc). Any thoughts to the contrary show ones acute naiveté. Of course there are others who share this frustration and not just in the USSA. Another voice of reason comes from Godfrey Bloom of the UK Independence Party who excoriates the EU with, among other things, "The day must surely come when politicians, bureaucrats, and central bankers must be called to account by a fiscal crimes tribunal and sent to prison for a VERY LONG TIME!" Sadly, there isn't a single sorry politician (other than Ron Paul) or so-called financial journalist that will stand up and say the same. No sir, in the USSA it's all about "Go along to get along." After all, the slimy politicians need their palms greased and the so-called financial journalists need advertising dollars. Trade well and follow the trend, not the so-called "experts." ____________________ Larry Levin Founder & President of TradingAdvantagetm (888) 755-3846
