"The stock market has nothing to do with “the efficient allocation of capital for productive enterprise.” That’s all public relations crappola. It’s a place where people who are filthy rich go to get richer still. And they do it by gaming the system anyway they can or by waiting for Bernanke to game it for them. Either way, it doesn’t reflect what’s going on in the real economy. That’s why no one celebrates these stupid “milestones”; because they’re just fake numbers in a fake system."
Read : http://www.counterpunch.org/2012/08/23/the-wall-street-rally-that-wasnt/.
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