Straight from the horse's mouth...I just happened to catch this on SPINbc this morning and my draw dropped, as I heard someone telling the truth. And not just anyone, but one of the biggest players on the Street. Normally you get a littany of mind-numbing company lines about why stocks are rising. Earnings, fundamentals, yada-yada-yada. Ignore all that crap. Just click the video below to see what really makes equities go up even if the economy sucks. I'll give you a hint..it rhymes with "dead" (like our middle class). If you've ever wondered how the stock market can be going up while you can plainly see the economy sliding all around you (think 2007), here's your answer. It's good times for Wall Street but for Average Joe Sixpack you just get your purchasing power whacked again...and again...and again...without the ability to vote yourself a raise like Congress or print yourself some more cash like the "Too Big To Fail" Banks. For you impatient types the really good stuff is at the 6:30 mark. This man controls BILLIONS in his hedge fund. Note he does not mention fundamentals. Or research. Or value. In fact, there is only one reason he's buying equities...wait for it... THE FED. Because they just guaranteed him that they would backstop his purchases with your money. So when you see markets soaring even though your world is in recession, filter out the propaganda and just google the minutes of the last FOMC meeting to see how much of our future free money was just promised to Wall Street to instill "confidence" that all is well. The economy is fine because stocks are up. Any questions?Ponzi on, Wayne!
Stocks rise on hopes of more FED easing
European stocks rise on FED hopes
95000-Jobs-Lost-But-Stocks-Rally-On-Fed-Rescue-Hopes
Wall Street set to open higher on FED stimulus hopes
Stocks gain as FED signals more easing
Now, just in case you still need some convincing, the always-sunny Carl on CNBC asks a rare pertinent question of Jason Trenner of Oppenheimer funds. "What would happen to all assets if the FED didn't do Quantitative Easing (print money for you new guys) at the November meeting?" The answer, at 7:50 mark, is exactly what you'd expect. (Stocks down. A lot. Dollar up. A lot.) The whole exchange is interesting as you listen to Rick stick up for the bottom 90% of America while this asshole smugly enjoys the fruits of the FED's largesse (as opposed to the "unemployed" or "economy" they say they're trying to help).
Most people I know feel like our friend here when it comes to finances. No matter how fast you run or how hard you work, you can't seem to get ahead. If you weren't pissed off about the bailouts, Wall Street's record bonuses last year and 
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