At 10 am this morning US economic numbers (ISM, construction spending & pending home sales) rolled across news services as per usual. What was very unusual is that on a very quiet Monday morning the S&P's rallied over 6 points, roughly 50 DOW points, 10 minutes before the numbers were published. Guess what? The numbers were better than forecast on each front.
Maybe these traders had valuable insight, but more than likely they have valuable friends in the right places. Money makes people do funny things and the larger the stakes, the more unscrupulous one becomes. I'm not sure what's worse, the 'Greed is Good' mentality of Wall St. or the 'lie to your face' approach of government.
The only thing that helps me sleep at night is that I truly believe the US government has the very best interest of this nation at heart in all it's decisions, despite the few bad apples who sit in Congress, the Senate and the Treasury. Lie, cheat and steal followed by see no evil, hear no evil and speak no evil seems to be the current policy. It has been said that nice guys finish last. Well, I'm here to dispell that saying.
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