Wednesday, April 20, 2011
Stocks off to a good start today
Gold is up too, as well as oil. I checked some of the comments on Yahoo Financial Page. It doesn't appear to be anything causing it except good earnings reports. That sounds encouraging except for one little thing: the earnings are by these corporations on Wall Street, not by people on Main Street. Unemployment is still very high, and the budget deficit is sky high. The Fed is still monetizing debt and we are still involved in overseas military adventures. Financial numbers are just numbers. The words don't fit the music. The words are like the raw numbers, the music is the downbeat feeling I got from the comments. As for me, I am suspicious of the Fed and the government in Washington. These numbers can be manipulated.
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