Was today an April Fool’s joke?

[hipmatt]

Piggs, please help me understand whats going on… Today the media and wall street proclaimed recession adverted, credit crisis nearly over, no more inflation problems, housing has bottomed (take a look at the home builders today, WAY UP), and all of a sudden the dollar is worth something. And they responded with another huge rally! Am I delusional, is this the same country that I am living in?

Didn’t we get pretty bad auto sales numbers today..? http://money.cnn.com/news/newsfeeds/articles/djf500/200804011550DOWJONESDJONLINE000682_FORTUNE5.htm

Didn’t we get some bad news from the manufacturing index today…? http://www.forbes.com/markets/2008/04/01/manufacturing-index-update-markets-econ-cx_lal_0401markets36.html

Are we sure the credit crisis is over? hmmm… http://www.bloomberg.com/apps/news?pid=20601103&sid=atzA1IMO53LU&refer=us

Are we sure inflation isn’t a problem? http://www.chicagotribune.com/business/sns-ap-uneasy-economy-sticker-shock,0,3876327.story and/or http://www.nytimes.com/2008/04/01/business/01crop.html?_r=2&ref=business&oref=slogin&oref=slogin

Aren’t banks still coming out with huge write downs and they may have no idea how bad things can get…? http://www.reportonbusiness.com/servlet/story/RTGAM.20080401.wubs0401/BNStory/Business/home

Hasn’t TG reported of record NODs in the Temecula area?
Hasn’t the fed been printing cash like mad? .. we haven’t even seen the stimulus checks yet.

I can’t comprehend what’s happening, among whats really happening? Can you please help me.

[Arraya]

We are drunk and on the edge of the roof insisting that we can fly…

[Arraya]

We are drunk and on the edge of the roof insisting that we can fly…

[Arraya]

We are drunk and on the edge of the roof insisting that we can fly…

[Arraya]

We are drunk and on the edge of the roof insisting that we can fly…

[Arraya]

We are drunk and on the edge of the roof insisting that we can fly…

[DWCAP]

George W passed a law today that says that all downturns can only last for a max of 12 months or 4 consequive quarters. This downturn began about this time last year, so it has to be ending about now, by GW’s devine procolmation. (God speaks to him personally). Therefore devine intervention will surly be only a day or two away and everyone knows that it would be easier to fit a camel through the eye of a needle than to let a rich person into heaven, so we may as well throw all our money away. See finding religion can be a good thing for financial markets.

[DWCAP]

George W passed a law today that says that all downturns can only last for a max of 12 months or 4 consequive quarters. This downturn began about this time last year, so it has to be ending about now, by GW’s devine procolmation. (God speaks to him personally). Therefore devine intervention will surly be only a day or two away and everyone knows that it would be easier to fit a camel through the eye of a needle than to let a rich person into heaven, so we may as well throw all our money away. See finding religion can be a good thing for financial markets.

[DWCAP]

George W passed a law today that says that all downturns can only last for a max of 12 months or 4 consequive quarters. This downturn began about this time last year, so it has to be ending about now, by GW’s devine procolmation. (God speaks to him personally). Therefore devine intervention will surly be only a day or two away and everyone knows that it would be easier to fit a camel through the eye of a needle than to let a rich person into heaven, so we may as well throw all our money away. See finding religion can be a good thing for financial markets.

[DWCAP]

George W passed a law today that says that all downturns can only last for a max of 12 months or 4 consequive quarters. This downturn began about this time last year, so it has to be ending about now, by GW’s devine procolmation. (God speaks to him personally). Therefore devine intervention will surly be only a day or two away and everyone knows that it would be easier to fit a camel through the eye of a needle than to let a rich person into heaven, so we may as well throw all our money away. See finding religion can be a good thing for financial markets.

[DWCAP]

George W passed a law today that says that all downturns can only last for a max of 12 months or 4 consequive quarters. This downturn began about this time last year, so it has to be ending about now, by GW’s devine procolmation. (God speaks to him personally). Therefore devine intervention will surly be only a day or two away and everyone knows that it would be easier to fit a camel through the eye of a needle than to let a rich person into heaven, so we may as well throw all our money away. See finding religion can be a good thing for financial markets.

[macmichael]

No you’re not alone in your wonderment.

Except I suspect alot of this rally is money managers trying to make their funds etc. look better and fluff and fleece the j6p who gets sucked back in.

But

Oil prices edging back up
Agriculture prices edging back up
Rice shortages in many areas of the world
Sales at REO auctions practically nada
Unemployment edging up
Even Bush dept officials acknowledging declining oil production
Cease fire in IRAQ is weakness for exisitng government, means more US troups for longer
And so on you add to the list

So I don’t get it either; unless it was the news that Demo’s and Repub’s are coming together for another bail out – they discovered new magic Kool-aid.

[macmichael]

No you’re not alone in your wonderment.

Except I suspect alot of this rally is money managers trying to make their funds etc. look better and fluff and fleece the j6p who gets sucked back in.

But

Oil prices edging back up
Agriculture prices edging back up
Rice shortages in many areas of the world
Sales at REO auctions practically nada
Unemployment edging up
Even Bush dept officials acknowledging declining oil production
Cease fire in IRAQ is weakness for exisitng government, means more US troups for longer
And so on you add to the list

So I don’t get it either; unless it was the news that Demo’s and Repub’s are coming together for another bail out – they discovered new magic Kool-aid.

[macmichael]

No you’re not alone in your wonderment.

Except I suspect alot of this rally is money managers trying to make their funds etc. look better and fluff and fleece the j6p who gets sucked back in.

But

Oil prices edging back up
Agriculture prices edging back up
Rice shortages in many areas of the world
Sales at REO auctions practically nada
Unemployment edging up
Even Bush dept officials acknowledging declining oil production
Cease fire in IRAQ is weakness for exisitng government, means more US troups for longer
And so on you add to the list

So I don’t get it either; unless it was the news that Demo’s and Repub’s are coming together for another bail out – they discovered new magic Kool-aid.

[macmichael]

No you’re not alone in your wonderment.

Except I suspect alot of this rally is money managers trying to make their funds etc. look better and fluff and fleece the j6p who gets sucked back in.

But

Oil prices edging back up
Agriculture prices edging back up
Rice shortages in many areas of the world
Sales at REO auctions practically nada
Unemployment edging up
Even Bush dept officials acknowledging declining oil production
Cease fire in IRAQ is weakness for exisitng government, means more US troups for longer
And so on you add to the list

So I don’t get it either; unless it was the news that Demo’s and Repub’s are coming together for another bail out – they discovered new magic Kool-aid.

[Author]

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