Friday’s Stock Surge Was to be Expected

426537_img650x420_img650x420_cropJohn Crudele of the New York Post wrote the following article.

Stock surge doesn’t make any sense

John actually does know why the stock surge occurred. Perhaps good manners prevents him from giving the reason.  I don’t get paid, so I have nothing to lose by telling the truth, offensive or not.

News, good or bad amounts to a free short squeeze. The jobs report on Friday was actually bad news to anyone who took the time to look at all of the numbers. Stock market bears of course had taken short position in anticipation of the market dropping further following Thursday. I have been warning people about this since August.  Any news bad enough to sink the market draws massive central bank intervention. A surprising number of investors still believe the system is honest.

 

(Visited 2 times, 1 visits today)

About Fantasy Free Economics

James Quillian is an independent scholar,free market economist, teacher of natural law, teacher and originator of the Fantasy Free approach to economics. James Quillian does not believe lies. Contact: news@quillian.net
This entry was posted in Daily Comments. Bookmark the permalink.

Leave a Reply

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of