October 13,2010
JPMorgan beats all earnings estimates(with this little note "The provision for credit losses, the funds set aside for the allowance of bad loans, was reduced to was $3.2 billion, down 67% from a year ago."So there actual "profit" was 1.2 billion...and even that is doubtful.
DOW 11096 (+75)
Gold $1374.5(+4)
Silver $24.04(+.78)
Everything is up.Including staples we need.Corn is up 15% in the last 6 days.
Rally likely with very few down days now that the "banks" are in the clear until the next fed meeting.
This while the wheels come off.
Just curious if anyone else has put any thought into the huge disconnect between reality and what we are seeing?If I can figure this out and understand why it is happening anyone can.I see just an out right destruction of the middle class in the USA.It is deliberate and obvious.Plan well.
JPMorgan beats all earnings estimates(with this little note "The provision for credit losses, the funds set aside for the allowance of bad loans, was reduced to was $3.2 billion, down 67% from a year ago."So there actual "profit" was 1.2 billion...and even that is doubtful.
DOW 11096 (+75)
Gold $1374.5(+4)
Silver $24.04(+.78)
Everything is up.Including staples we need.Corn is up 15% in the last 6 days.
Rally likely with very few down days now that the "banks" are in the clear until the next fed meeting.
This while the wheels come off.
Just curious if anyone else has put any thought into the huge disconnect between reality and what we are seeing?If I can figure this out and understand why it is happening anyone can.I see just an out right destruction of the middle class in the USA.It is deliberate and obvious.Plan well.
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