Posted on July 31, 2009 at 4:40am
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China’s Hang Seng Index, much like our DOW, has made surprising leaps in the last few months. Each leap based on manipulated data and earnings reports from the U.S. which obscure the real state of the economy. They call it a “suckers rally”, and the term fits. When the the world markets jump hundreds of points just because Goldman Sachs reports a “profit”, something is wrong. All the market fundamentals are being ignored by…
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