Wednesday, April 8, 2009

Magical Fairy Pixie Dust

Before I went to bed, I checked the futures plus dollar and commodity action in general, and it looked really bad for the bulls.

But when I wake up, I see that our government has been busy spreading pixie dust, i.e. extending the TALP (which of course, stands for Taxpayers Again Left Penniless) fund to insurance companies.

Then, like magic, futures shot higher, like a drug addict hearing of the prospect of another fix. The US dollar dropped, commodities stabilized. A miracle.

We we'll see it's a miracle, or yet another dirty deal done dirt cheap via our syncophantic, slobbering financial media.

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