hypercrites

Nope. Mainly because what you say and what analysts of better repute say have a wide, wide gulf between them.

Basically, you've said that Wall Street is dependent on government money.  Not that I would be surprised at that.

Not really what I said.  What the analyst say, and yes, what i am saying from life long experience, is that at the moment Wall Street is reacting to three things:


1.  Expectations of fed monetary policy in the form of qualitative easing.


2.  Euro bank relief from government money.


3.  Lower than expected manufacturing orders, poor unemployment and GDP growth, and companies holding cash until DC figures out tax policy before jan 2013.


If you follow the markets you also realize that trading volume is very low.  You also know that contrary to the rosy picture the administration is trying to paint there is much anxiety over the upcoming tax increases coupled with implementation of the health care law.  You can insult me all you like (making me laugh) but those are the facts of financial life at the moment.


So back to the point.  How about that 8.3% unemployment rate?