Maybe they are positioning themselves for some kind of bailout from the government? Unfortunately, the Chinese probably aren’t willing to buy more T-bills from us to finance that bailout. The past two years had made me really come to realize a couple things:
1. The market is completely irration and I will never understand it.
2. The market is setup to make a few people very very rich and screw everyone else.
3. American’s are about as stupid (financially) as you can be.
4. Business leaders can be as misleading as they want to be because no-one will hold their feet to the fire. *UNLESS* they run a company into bankruptcy.