(click on image for closer look)Is anyone (besides traders) really buying this?!
Have anyone heard anything which should lead us to believe that the fundamental (structural and political) issues which have triggered last week's panic have been addressed?
Is there any reason to believe that the dollar, and therefore the entire US economy, has some real, non-virtual, foundation for its value?
Is there any reason to believe that the massive deregulation which made it possible to create a "bubble-driven market" (think of it as a pyramid scheme) has now been brought under control and that Wall Street and the banks will now police themselves?
Oh, and by the way, what will these bailout plans do to our debts?
Yes, stock brokers are buying like crazy because that is what they are good at: making a killing during a bubble. Because this exactly what this all is: a bubble. Let me repeat:
THE SURGE IN STOCKS TODAY IS YET ANOTHER BUBBLE AND IT WILL BURST!
Get it? Nothing has been fixed and no underlying cause has been addressed.
This latest bubble too will burst.