Wednesday, August 31, 2011

It's propaganda time !

Drudge headlines "STREET TURNS UP FOR YEAR !"

Did it really, CNBC ?


Stocks extended their gains Wednesday, on pace to close out the month with a four-day winning streak, following a handful of economic reports and as investors were encouraged by news that President Obama may present a range of policy options that could create up to a million new jobs.


Now he's telling the masses that the usual million holiday jobs that are about to open up are "new jobs."

And "Dow Higher for 2011" ? How is it higher in reality, if it's lower than the highs after the year started ?

What' s that mean ? There was a .84 percent (not even one percent) increase since 3 January for a whopping 96.79 points ?

As of this hour, that ignores the 3.86 percent (468.94 points) drop since 1 August.

That ignores the 8.87 percent drop (1136.24 points) since the 2 May high for 2011 of 12807.36.

I used charts so these numbers might not be perfect to the fractional point but they illustrate the propaganda being waged... to counter the previous attacks.

Lie more, sell more.

SPQR

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