Is The Market Topping Out?

by James Gruber on February 1, 2013

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{ 1 comment… read it below or add one }

Mariamante February 2, 2013 at 1:57 am

What does it matter if the market looks bullish or bearish when there is no confidence in the market?

Too many people have lost money to fraud and nothing was done to address the problems. The SEC is compromised, the relationship between Sachs alumni and government is out of the closet, Political Money Bundlers can’t be touched, and nothing can be trusted, except the knowledge that China cooks the books.

Just as one example, Geoffrey Aronow was MF Global attorney in 2012, until he was selected to be in charge of the SEC in 2013. He represented major accounting firms involved in accounting scandals, in particular those that represented Chinese companies that were being deregistered for fraud by the SEC. The corruption, cronyism, and nepotism has risen to absurd levels. The only thing more ominous is the defeaning media silence. Keep on cheering, it doesn’t matter anymore.

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