We are surrounded by frauds and liars, who are led by even bigger frauds and liars, who will do "whatever it takes" to make sure someone else is going under the bus...
Below is how I rate their efforts. But first, with respect to the "never-ending bubble" fantasy, here is the Russell 2000 Small cap index
aka. "Short-covering"
Nit-Twitter-in-Chief: thumbs down
Westmoreland Coal aka. "reflation"
Treasury by Goldman Sachs: thumbs down, all over again...
OPEC: thumbs down
Energy stocks (red) with U.S. crude:
Fed: thumbs down
China: thumbs down
All Commodities (red) with Oil (grey):
Currency-Crisis-O-Nomics: thumbs down
USDJPY
ECB by Goldman Sachs: thumbs down
Today's biggest gainers were European banks, under the assumption they will now get bailed out by France's presumptive croupier-in-chief
Deutsche Lehman with German yields (gray):
Hiding in Facebook again: thumbs down
Equal weight / cap weight ratio: