So, after huge bailouts, massive inflation and every cheerleader imaginable

[Hydra]

Here's where we stand as of time of post:

Dow Jones: 12,000.58 +49.49

Consumer Confidence Feb: 75.0 (-12.2 from Jan)

US National Debt: $9,414,653,735,012.71

Welcome to the Titanic. I hope you have a lifeboat reserved...or you may have to jury-rig some chairs to float with.

[Tandalayo_Scheisskopf]

1. Great, ain't it?

I sure hope the Wall Street bars ordered extra for this week.

One things those sumbitches can do is drink and snort coke.

[catnhatnh]

2. I'm very interested in your post....

....just last week I read the debt ceiling was raised to 10.2 trillion. Even granted a trillion dollar injection has already occurred, had the government already exceeded the prior ceiling when the level was lifted?

[Hydra]

5. If you want a serious answer

I think the numbers they are publishing are bogus, just like the neutered inflation rate and hacked down unemployment numbers.

I suspect the number is much higher- perhaps hundreds of trillions of dollars in debt. On the other hand, they may be inflating debt numbers to conceal actual profits. A debacle a few years ago regarding a leaked uncensored CAFR report suggested that the gov't had HUGE investments in Wall St, and the spare money was being hidden in various investments.

Any way you cut it, though, it's going to be a great show! Don't get run over!

[Supersedeas]

7. same here -- believe them as much as I believe the cheery business bimbos that they trot out to

smile at us -- with their corporate sponsored up-beat assessments.

[Warpy]

3. Expect the overall trend to be down

but the fall will be in slow motion.

We won't get back to a better market until this country does a 180 in fiscal policy, and that won't happen until conservatives in both parties are out of power for at least two years.

Hunker down, pay off debt if you have it, and just prepare for a few years of suck before things get better.

[DJ13]

4. The longer they delay a significant market selloff, the worse it will be when it happens

This is what happens when the government believes they represent the wealthy investors instead of the average American.

[Thepricebreaker]

6. +120 now... n/t

[Hydra]

8. Now +83.77

When I started this post, it was at a tepid +29

Busy day on Wall St.