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On the heels of another MASSIVE European continent sovereign downgrade, plus the

promise of UK & French downgrades, the market was saved again with a rumor. It

wasn't just any rumor though, but the same old nonsensical Greek bailout rumor

that never seems to grow old. With only a few minutes left in the day, the

usual rumor was released to the usual financial outlets, before the close, that

resulted in the usual change from a down day to a positive close.

 

Isn't it odd that the bad news like MASSIVE SOVEREIGN DOWNGRADES are always

released when the market is closed; however, good news is always released during

the trading day? If I wasn't so jaded from so many obviously and bullishly

rigged maneuvers by politicians and central banksters to achieve their

preconceived outcomes, I'd say this was a freak occurrence. From experience,

however, one must conclude that the timing of these things is completely

controlled by the "powers that be" (read: Fed, Treasury, ECB, IMF, BOE, World

Bank, BOJ, etc, etc). Any thoughts to the contrary show ones acute naiveté.

 

Of course there are others who share this frustration and not just in the USSA.

Another voice of reason comes from Godfrey Bloom of the UK Independence Party

who excoriates the EU with, among other things, "The day must surely come when

politicians, bureaucrats, and central bankers must be called to account by a

fiscal crimes tribunal and sent to prison for a VERY LONG TIME!"

 

 

Sadly, there isn't a single sorry politician (other than Ron Paul) or so-called

financial journalist that will stand up and say the same. No sir, in the USSA

it's all about "Go along to get along." After all, the slimy politicians need

their palms greased and the so-called financial journalists need advertising

dollars.

 

Trade well and follow the trend, not the so-called "experts."

____________________

Larry Levin

Founder & President of TradingAdvantagetm

(888) 755-3846

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