Wednesday, October 27, 2010

Wall St - Main St Disconnect

Somehow the market is shrugging off more horrific news as Portgual's government seems to be unraveling. The market of course has been a farce for over a year now. Even PIMCO's Bill Gross is now openly calling what is occurring a ponzi. There isn't a much better graph of the disconnect between stocks prices and reality than the chart below. Not much shocks me but this chart surprised even me today.

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