Wall Street Manna
An irreverent look at Wall Street
Friday, November 13, 2009
Friday the 13th
Must mean another scary day. For the bears. But what's their story today? Well, if you don't have one, talk about dollar confetti. This time, they have help.
Now it's XOM's Tillerson--"The weak dollar is adding $20 to a barrel of oil."
Wait--wasn't that the speculators? With all their phony round trips?
Oh my. So scary!
The only thing scarier than the useless bears predictions is government math.
First we heard about the jobs "saved." Now yesterday, we heard how TARP $$ would be used to reduce the deficit.
If TARP money has not been spent, doesn't that mean it hasn't been raised? So how does that reduce the deficit?
It's the administration's salvation plan!
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Big rally, eh?
November 13, 2009 at 8:07 AM
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