Do Any Of The Current Rallies Pass “The Sniff Test”? (Spoiler Alert: No!)…”Every one of these rallies is bogus”

by Charles Hugh-Smith of OfTwoMinds blog,
ZeroHedge.com
03/10/2016

Everything from iron ore to copper to the Baltic Dry Index to stocks to bat guano is rallying. The problem is not a single rally passes “the sniff test:” is the rally the result of changing fundamentals, or is it merely short-covering and/or speculative hot money leaping from one rally to the next? Every one of these rallies is bogus, a travesty of a mockery of a sham of price discovery, supposedly the core function of markets. What shift in fundamentals drove this rally? Higher profits? No, profits are declining, especially once the phony adjustments are stripped away. Is the global economy strengthening? Don’t make us laugh!

The Rest…HERE

This entry was posted on Thursday, March 10th, 2016 at 11:52 am and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.