"What this (data) means is things aren't really getting worse, and I guess that is good enough for a rally,"

"Stock markets are rallying on improved global factory activity. The dollar is at another five-month low. All that is being translated into the idea that the worst of the recession is behind us"

CNN - GM finally filed for bankruptcy and stocks soared. Even though its woes could add to unemployment, some think economic damage will be minimal... That's likely to lead to tens of thousands of job losses at the very least. And in case you haven't noticed, the unemployment rate is already at 8.9%, a 26-year high.
Still, some economists and market experts think that the impact of GM's bankruptcy is already factored into stocks and consumer's expectations about the economy.

US consumer spending dips; savings rate surges

With income growth far outpacing spending, Americans' personal savings rate zoomed to 5.7 percent, the highest since February 1995, the Commerce Department reported Monday.

Consumer spending dipped 0.1 percent in April. That was slightly less than the 0.2 percent reduction economists were expecting, although it marked the second straight month that consumers cut back. The pullback came after a burst of buying at the start of the year as shoppers took advantage of deeply discounted merchandise and other promotion.

Americans' incomes -- the fuel for future spending -- jumped by 0.5 percent, following two straight months of declines. The improvement in April was due to tax cuts and benefit payments flowing from President Barack Obama's stimulus package, the government noted. Wages and salaries, however, were flat in April.

http://finance.yahoo.com/news/US-consumer-spending-dips-apf-15400108.html

"We're encouraged that consumers are beginning to return to showrooms and that the industry continues to show signs of stabilization,"

http://finance.yahoo.com/news/GMs-May-sales-fall-30-pct-apf-15416046.html

Oh yeah sure, everyone thought the economic data/fraud was real. It was expected to be great because they said it'd be great! What a shock, people are losing 1/2 million jobs a month and the economic data is bad? Whodda ever thought?

This is an old game we saw used for some time during the Bush administration. Information would be metered out in a specific way to benefit insiders. Good info on one day that would usual rally the market. Then a few days later, bad news, and every one sells with fears that the "recovery may have been over stated." Two days later, more "positive news" and the market really again.

Its like market Gerrymandering, with good and bad information portioned out correctly, its the same effect as cooking the books to make the markets appear more attractive on paper than it really is.

frontrunning
insider dealing
pump and dump
same same.

Ahhhhh, playing with numbers is fun if you're a lying propagandist!

http://finance.yahoo.com/news/Jobless-rate-hits-94-percent-apf-15452526.html

http://news.yahoo.com/s/ap/20090526/ap_on_bi_ge/us_economy

http://finance.yahoo.com/news/Consumer-borrowing-plunges-by-apf-15453247.html

Barry Ritholtz has an excellent blog with a savvy group of posters. Any article that has significance is going to make it to that website and I used to monitor the Ritholtz blog to bring articles to this forum. This play on the initials of General Motors is a good example of what to expect- http://www.ritholtz.com/blog/2009/04/top-10-things-the-letters-gm-stands-for/

Ritholtz has just published his first book "Bailout Nation" and he is a skilled writer and wonkish as you can be on charts and graphs and the personalities on the stage of financial markets. He is very good with words and tears through the propaganda about the way Carlin says- he bludgeons the mythologies put up by the financial entertainment on television.

You are making a fine point with your thread. I started a thread trying to gather articles that used the word "kleptocracy." It has fallen because the word "kleptocracy" is driven out of commentary in the Evil Media. How do you solve the kleptocracy problem without using the word "kleptocracy?" Well you cannot solve the kleptocracy problem without the word "kleptocracy" and that is why we do not hear the word and we cannot solve the problem: we don't know the real problem as it is kept from us by the Perception Managers.

I like it, I'll be reading it regularly. They seem to have a good sense of humor about it, which is required to relieve the stress of being lied to all the time.

Monday, June 15th Wall Street had the worst beating in a month, but they still carry the Mythland narrative. It is unbelievable the LTBs still carry the ecomony is getting better because it is getting worse slower.

After a series of signs the economy may be stabilizing, investors are looking for more definitive signals of its improving health. Analysts also said a pullback was unsurprising after a three-month rally.- http://www.reuters.com/article/OILINT/idUSN1523780020090615

On this day when nobody with any sense thinks the dollar can survive as reserve currency, the above had a paragraph from Mythland Central: Oil prices fell from nearly an eight-month high after Russia expressed confidence in the U.S. dollar as the world's reserve currency, increasing the greenback's safe-haven appeal. Commodity prices and the dollar have moved inversely of late. Gains in the dollar makes oil more expensive for holders of other currencies.

Just wait and it will all become self evident.

Presume an acceleration factor - K and presume time to compress at your leisure.

Here's another point I've made to numerous people, people who have said "the market always goes up"; from 1966 to 1982 the DOW went nowhere. For 16 years, nothing.

http://bigpicture.typepad.com/comments/2005/09/djia_1966_1982_.html