Yea that was one hell of a pullback wasnt it, everyone was scared when that greedman sachs news hit the wire, less than 48 hours later everything is back to normal once again. So 120+ point pull back on Friday by a 70+ point rally yesterday and another 25 points today puts the dow only about 30 points away from 2010 highs which should easily come tomorrow no questions asked on the earnings of aapl. Lets keep inflating the market so everyone feels good. Just got to love the manipulation in the markets. Everyone has to enjoy it while it lasts.
Off the top of my head, I think the figures translate : $100 increase in stock market wealth translates into $4 in consumer spending. $100 in real estate appreciation translates into $9 in consumer spending.
BRING ON THE 1215! I am ready to lock and load massive short inventory. This thing is dead in the coming weeks.