I think I'm going to do this once a day to show you how main stream media is in bed with the gov't to make everything feel oh so rosey.
1) GDP declines 1 percent in 2Q, better than expected
1% decline in the 2Q is better than 1.5% I'll give you that, but WHO IS MAKING THE EXPECTATIONS.
That's like asking little Tommy not to get a D in Science class, and when he gets a C-, reward him
with gifts! He's done sooooo much better!!!! Horraaaaay Tommy!!! What a friggin joke.
2) Despite Tough Economy, Most Americans Happy on the Job, National Survey Finds
Americans are happy at work, just not as happy as they used to be. - Hmmm huh?
3) Layoffs Easing?
New numbers from Labor Department indicate signs of healthy economy as jobless claims plummet - "Plummet"?? They call a mere 10,000 less than expected jobless claims out of 550,000 PLUMMETING?? This is a joke right? It's only going to get worse as the gov't starts slashing jobs because they are running out of money.
4) GDP Falls 1% in Second Quarter
After plunging 6.4% in the first quarter, the recession eased its grip on the economyWeekly Jobless Claims Fall to 570K
Yet more jokes right? Oh ok, so the "decline" is slowing. When you start at the top floor, and end up at the 1st or 2nd floor, the only floor to go is ...any one?...any one? If you said the basement or the ground floor, you were correct!!! YAaaaaaay that means the economy is on the mend!
5) 787 Dreamliner to Finally Take Flight
Boeing expects the aircraft to be ready for its first flight by year-end
Didn't they push this back like umpteen times already? Oh but they say so, so their stock goes up 5%, just cuz they say so! Joke.
6) Economy shows stabilization: GDP down 1%
See my comments in #4...its a joke. 570K job losses is still HIGH people!
7) Microsoft cuts price on Xbox 360 Elite by $100
Geee, I wonder why??
8) New home sales explode
I wish I could find the headline that says, "Mortgage Foreclosures hit a new record, for the THIRD
STRAIGHT MONTH." Hurray median house price went up 5K, according to some survey by some nit wit some where. ITS STILL BAD. And this is the buying season, wait til that's over and compound that with the expiring tax credit coming. hmmmmmm!
Do you all get my points? I sure hope so. There is no recovery fellas, its not comign for a long, long time. Does this mean stocks have no value? No. but the market is extremely over bought.