The Market Rallied Last Week But Not On Citibank Stories... That Was Just A Cover For...

[DaLittle Kitty]

Updated at 1:03 AM

The rally on the news of increased building permits filed last month... Wall Street Traders Buying at the current bottom... then SELLING into the buying by the retail customers on Monday on the very same news of increased building permits applied for...

Wall Street Traders operate on inside information! The public ALWAYS receives the same info at a later time and is then left holding the bag as it were due to the ENGINEERED DISADVANTAGE in receiving critical information AFTER the Wall Street Corporate traders get it.

The public ALWAYS loses in this arrangement... Yeah it is against SEC rules but hey... when have you heard of ANY WS trader being prosecuted?

Perhaps ONLY when a really big wheel is pissed off eh? CNBC is an agent of Wall St. feeding the eager but ignorant public the never ending stream of concocted information designed to deceive us! :think:

[truedelphi]

1. I have often wondered about that. Thanks for info n/t

[FrenchieCat]

2. Do you have a link for that?

Thanks.

[DaLittle Kitty]

3. No Link Required, One Merely Has To Thoughtfully Weigh The Info @ Hand And Decide For Oneself!

Just :think:

[KharmaTrain]

4. Indirect Result Of The Bail-Out

The rally began when Citi announced a profit for January. We now know that a large chunk of that money came from us via AIG, but the market was none the wiser. Yes, the housing figures helped as well, but also keep in mind how few people are really playing the market these days...fewer people really driving what's going on. Seems like a bunch of players jumped in when it bottomed under 7 and have been riding it up a bit...but I expect this is a "dead cat bounce" as sooner rather than later the short sellers will want to take their profits and the market will drop under 7 again. All long term money is hunkered down elsewhere.

As long as credit remains tight as a drum, consumer spending will be depressed and businesses will continue to close doors and those new houses will sit vacant. President Obama has a tricky juggling act here as the banking mess has to be settled for the credit market to open again and for the stock market to truly stabilize.

[DaLittle Kitty]

5. It IS A Dead Cat However The Point Is That INSIDERS TRADE ON INFORMATION...

That is the Wall Street Trading Community gets the info before WE do. Then they "play" the retail market!