The Wall Street Journal notes that retailers are a rare winner in the market. Prominent retail-related S&P 500 sub-sectors are all up at least 1.5%. Macy's has gained 2.7% today after announcing it would cut costs and jobs.
WHY WOULD STOCKS GO UP IF A COMPANY FIRES PEOPLE? THIS MEANS FEWER CONSUMERS AND LESS BUSINESS AND THIS IS NOT GOOD FOR A CONSUMER-BASED ECONOMY.
APPEARS THE BANKSTERS & STOCK MARKETERS HAVE A VESTED INTEREST IN MAINTAINING HIGH UNEMPLOYMENT AND HIGH MISERY INDEX FOR US PEONS...
THINK ABOUT IT,
GAMBLERS PROFITEERING OFF OUR MISFORTUNES