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Market Need More than Words

GRusling Wrote: Feb 08, 2013 9:50 AM
What is the stock market? It's the vehicle through which the wealthy perpetuate their position in society. It's meaningless to the average person because, more and more in America, it does NOT indicate the ease with which the individual can advance and gain new, more lucrative employment. Today's stock market indicates only the volume of "trade" between the members of the economic-political elites, while Main Street (where the rest of us live) languishes and loses volume. The volume of trade on Wall Street does not show an expanding economy, rather it shows only the inflation of our money supply, where "profits" can't really keep pace...
A single word even may be a spark of inextinguishable thought.
A Deference of Poetry
-Percy Bysshe Shelley

All the pieces are in place, but the market still finds itself stuck in neutral. There is no doubt the rally is in need of a spark, something to push it through the current atmospheric resistance, something to get people to jettison the reality of their own lives and that of too many other Americans, and buy into a frenzy of sorts. In the past, the best spark always came from the monthly jobs report, yet now the best we can get from that data point...