How Stupid Do I Look?

Financial analysts totally forfeited credibility when they failed to discharge their fiduciary obligations in the crush of the sub-prime crisis. Trillions of dollars were vacuumed from ordinary souls world wide. Today, only a few scapegoats are behind bars, our savings are gone, and we are faced with another absolute mega-travesty.

On Tuesday August 9th markets were weak until about an hour before the close. By that time, the Standard & Poor’s U.S. debt downgrade market debacle was reverberating around the world.

Then in the final hour, U.S. and Canadian markets soared. Money in quantities that cannot be imagined went on the bid for every corporate participant in every major North American market index, and that money kept the upside pressure on relentlessly until markets closed.

My friends, there were no little people like me on the bid. This massive game was entirely played from a single trading desk on a scale that boggles the mind.

It’s not much wonder that analysts on Wall Street and Bay Street continue to make fools of themselves. There is no way to analyse the massive sloshing mountain of criminally sourced cash that has swamped our once pristine protest-ant market place. Integrity is no longer tolerated. Freedom forfeited without a shot fired.