"The crash will be big" and Congressman Alan Grayson Interview etc...
The Market Ticker explains the fraudulent nature of the market rally:
So let me see if I get this right. 2.126 billion shares traded in four stocks [Citigroup, Fannie, Freddie, and Bank of America -VD]... These four stocks represented thirty seven percent of all shares traded today. Today 3,162 different stocks traded on the NYSE. These four represent 0.13% of the total, yet they comprised 37% of the volume.
And to top it all off, two of those corporations are confirmed to be insolvent. But, on the plus side, at least we know where that money the Federal Reserve doesn't want audited is going....
UPDATE - And here's a contrarian indicator: Investors Intelligence, which tracks the market views of about 130 independent investment newsletter editors, said 19.8% of the letters now are bearish on stocks, down from 23.1% the previous week and the fewest since the 19.6% reading of October 2007.
Chris Martenson has a great line up of posts today:
THE FEDERAL RESERVE MUST DIE
“Paper money eventually returns to its intrinsic value ---- zero.” – Voltaire
King/Grayson Interview (Audio, H/T Inverstorzzo)
Buffett Banana Republic (Video on page, H/T Investorzzo)