Friday, April 24, 2015
Weekly Ponzi Summary
The S&P, Nasdaq, and Russell 2000 reached new all time highs on 50% average volume. Unconfirmed by the Dow, Dow Transports, Utilities and Resources.
U.S. macro data came in worst in 6 years
And the number of Americans without a job is at a record as well (180 million), but fortunately "unemployment" is only 5.5%
A day trader living in his parents' basement near Heathrow was credited with causing the $1 trillion 2010 Flash Crash
Ben Bernanke re-joined Wall Street after a few months break from the Goldman Fed.
And the Earth is the hottest it's been in the past 135 years, although in no way related to pumping 85 million barrels of carbon every day into the atmosphere.
Posted by Mac10 at 1:47 PM