I want to blow the whistle right here on ET. A few days ago the President met with Warren Buffet and a few other big Wall St investors in a private meeting. The President informed them the numbers on Friday will be at 9.1%. As a result the market sold off on Tuesday.
Unemployment is not decreasing, it is now increasing and those who bought into the last report, we call them suckers, will see their holdings disappear. Meanwhile, the big money cashed out on Tuesday leaving the ordinary trader and investor flapping in the wind as the market falls.
This is why Warren is so happy. He has the information ahead of time and so he doesnt sit on pins and needles like the rest of us do. Who knows, maybe BAC will be given another big bailout before the current administration is done making Warren whole.
Unemployment is not decreasing, it is now increasing and those who bought into the last report, we call them suckers, will see their holdings disappear. Meanwhile, the big money cashed out on Tuesday leaving the ordinary trader and investor flapping in the wind as the market falls.
This is why Warren is so happy. He has the information ahead of time and so he doesnt sit on pins and needles like the rest of us do. Who knows, maybe BAC will be given another big bailout before the current administration is done making Warren whole.
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