[ReverseEngineer]

Our worries are over. The MSM is absolutely AWASH in Positive News Stories on the Financial Crises today. Ben Bernanke sees an end to the recession in 2010. Asian Stocks are skyrocketing "as optimism grew that the US financial sector is past the worst of its crisis." Barclays reported it had "Strong Start" to 2009 and of course Lawmakers are "Lambasting" AIG for the big bonuses they are paying out with taxpayer money.

I swear, those are the Top 4 stories on Google's Business page right now. There is an all out PRESS going on here to Spin Positive and Pump Up the Confidence. If recent history proves true, all this bullshit will lead to is a real tank in the markets this week. The media manipulation is just outrageous at this point. Who believes this shit anymore?

Reverse Engineer

[uNkNowN ElEmEnt]

Good I am glad that everything is going to be back to normal soon. These trolls just won't let up with they?!?

[anador]

True. Its amazing how most of the public can delude themselves about the true volatility of the markets, they treat weekly gains as a valid indicator of economic health to the level that only quarterly gains really deserve.

When things are as jumpy as they are right now a three day surge cannot be treated as the "return to normalcy" that they have been lauded as.

Only measures of real economic time will tell.

[Blacksmith]

Like the old saying goes "Cheat me once shame on you, Cheat me twice shame on me".

[Cloud9]

We had to have happy news. All the negative vibes were killing us. Remember the great depression was caused by a loss of confidence. Forget the fact that the American consumer was maxed out on credit and the the stock market had turned into a casino. Roosevelt cured us withe the WPA. Of course it took a decade and a world war to get us back on our feet. It's all in our minds. Party on dudes.

[NoWorries]

re: Happy Days Are Here Again, according to MSM


Thank God! For a while there I was really concerned.

[Pretorian]

We had to have happy news. All the negative vibes were killing us. Remember the great depression was caused by a loss of confidence.

This is true. Perhaps the Fed is done beardancing, who knows.

[IgnoranceIsBliss]

On Yahoo news this morning, they are reporting that Bernanke says the recession could end this year and a recovery will take root in 2010. Yeah baby! The market is up right now.

The good news for me is that my husband will most likely still have a teaching job for next year (survived the 100 layoffs of last week) and my brother just got a new job (things didn't look good for his old company and he wanted to be proactive).

[jasonraymondson]

Meh... I don't even watch or pay attention to the MSM anymore, hell when I do watch tv, the only thing on is Sci-Fi and now they are pretty much changing genres and their name, I am probably deleting my tv.

[xarkz]

two months ago:

US economic conditions are "dire" and "deteriorating," president-elect Barack Obama warned
http://www.blnz.com/news/2009/01/09

two days ago:

Obama says US economy sound, reassures investors
http://apnews.myway.com/article/20090314/D96U1UF02.html

Change you can believe in

[Pretorian]

All what happened last year was nothing but Fed's manipulations, its up to them to end it. Frankly I already started to enjoy deflation " sob"

[jasonraymondson]

And next week when the economy turns to shit they will be blaming someone else. So lets sit back and watch them pat each other on the back.

[goodbye_bluesky]

I'll believe in it if it lasts for any length of time.

1.

"We will not have any more crashes in our time."
- John Maynard Keynes in 1927 [NB: The authenticity of this one is a little suspect]

2.

"I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future."
- E. H. H. Simmons, President, New York Stock Exchange, January 12, 1928

"There will be no interruption of our permanent prosperity."
- Myron E. Forbes, President, Pierce Arrow Motor Car Co., January 12, 1928

3.

"No Congress of the United States ever assembled, on surveying the state of the Union, has met with a more pleasing prospect than that which appears at the present time. In the domestic field there is tranquility and contentment...and the highest record of years of prosperity. In the foreign field there is peace, the goodwill which comes from mutual understanding."
- Calvin Coolidge December 4, 1928

4.

"There may be a recession in stock prices, but not anything in the nature of a crash."
- Irving Fisher, leading U.S. economist, New York Times, Sept. 5, 1929

5.

"Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months."
- Irving Fisher, Ph.D. in economics, Oct. 17, 1929

"This crash is not going to have much effect on business."
- Arthur Reynolds, Chairman of Continental Illinois Bank of Chicago, October 24, 1929

"There will be no repetition of the break of yesterday... I have no fear of another comparable decline."
- Arthur W. Loasby (President of the Equitable Trust Company), quoted in NYT, Friday, October 25, 1929

"We feel that fundamentally Wall Street is sound, and that for people who can afford to pay for them outright, good stocks are cheap at these prices."
- Goodbody and Company market-letter quoted in The New York Times, Friday, October 25, 1929

6.

"This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years."
- R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929

"Buying of sound, seasoned issues now will not be regretted"
- E. A. Pearce market letter quoted in the New York Herald Tribune, October 30, 1929

"Some pretty intelligent people are now buying stocks... Unless we are to have a panic -- which no one seriously believes, stocks have hit bottom."
- R. W. McNeal, financial analyst in October 1929

7.

"The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin."
- Stuart Chase (American economist and author), NY Herald Tribune, November 1, 1929

"Hysteria has now disappeared from Wall Street."
- The Times of London, November 2, 1929

"The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before."
- Business Week, November 2, 1929

"...despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation..."
- Harvard Economic Society (HES), November 2, 1929

8.

"... a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall."
- HES, November 10, 1929

"The end of the decline of the Stock Market will probably not be long, only a few more days at most."
- Irving Fisher, Professor of Economics at Yale University, November 14, 1929

"In most of the cities and towns of this country, this Wall Street panic will have no effect."
- Paul Block (President of the Block newspaper chain), editorial, November 15, 1929

"Financial storm definitely passed."
- Bernard Baruch, cablegram to Winston Churchill, November 15, 1929

9.

"I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress."
- Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929

"I am convinced that through these measures we have reestablished confidence."
- Herbert Hoover, December 1929

"[1930 will be] a splendid employment year."
- U.S. Dept. of Labor, New Year's Forecast, December 1929

10.

"For the immediate future, at least, the outlook (stocks) is bright."
- Irving Fisher, Ph.D. in Economics, in early 1930

11.

"...there are indications that the severest phase of the recession is over..."
- Harvard Economic Society (HES) Jan 18, 1930

12.

"There is nothing in the situation to be disturbed about."
- Secretary of the Treasury Andrew Mellon, Feb 1930

13.

"The spring of 1930 marks the end of a period of grave concern...American business is steadily coming back to a normal level of prosperity."
- Julius Barnes, head of Hoover's National Business Survey Conference, Mar 16, 1930

"... the outlook continues favorable..."
- HES Mar 29, 1930

14.

"... the outlook is favorable..."
- HES Apr 19, 1930

15.

"While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us."
- Herbert Hoover, President of the United States, May 1, 1930

"...by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..."
- HES May 17, 1930

"Gentleman, you have come sixty days too late. The depression is over."
- Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930

16.

"... irregular and conflicting movements of business should soon give way to a sustained recovery..."
- HES June 28, 1930

17.

"... the present depression has about spent its force..."
- HES, Aug 30, 1930

18.

"We are now near the end of the declining phase of the depression."
- HES Nov 15, 1930

19.

"Stabilization at [present] levels is clearly possible."
- HES Oct 31, 1931

20.

"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S."
- President F.D. Roosevelt, 1933
http://www.usagold.com/gildedopinion/prognost.html

[sittinguy]

They want to make it look like what they are doin gis working, and then blame it on China, when they crash the dollar.

[AAA]

I am happy.

I have been able to sell some of the stocks I have been buying over the last couple of weeks.

Buy the dips and sell the rips.

[gnm]

I wonder if this spells the beginning of the inflation portion of our fun... The MSM will be so busy trumpeting the fantastic gains the DOW is making, and the sheeple so busy counting their pension "gains" that by the time they realize what has happened inflation will have erased all the gains.

-G

[AAA]

I wonder if this spells the beginning of the inflation portion of our fun... The MSM will be so busy trumpeting the fantastic gains the DOW is making, and the sheeple so busy counting their pension "gains" that by the time they realize what has happened inflation will have erased all the gains.

-G

Unfortunately I think you will be right on this one.

[Cloud9]

Nah, this probably a bear market rally. It may go on for a month or so but industrial production is still declining and people are still being laid off and all those mortgages have not reset yet.