5.22 am: Dow @ 17880.24 S&P 500 @ 2092.90
Why?
Mrs MaGoo has given green light to 30 banks to increase dividends and buy back stocks. Market needs propping up and masses need to be reassured that all is well in the Land of Oz.
The banks borrow money to buy back shares and then pay stock holders big dividends.
IMO, this is F#$%ING insane!
IMO it is really F#$%ING important to be holding physical G&S.
http://finance.yahoo.com/news/fed-gives-ok-30-banks-203048380.html#
5.22 am: Dow @ 17880.24 S&P 500 @ 2092.90 Why? Mrs MaGoo has...
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