6/05/2010

Insiders Short on Thursday?

Here's at least one vote for incompetency.  Obama's deliberate obfuscation of the employment data two days before "release" shows
1. what a slimeball he is;
2. what an incompetent looks like;
3. he's black, WTF did you expect. 

The reason for my opinion?  The White House has the employment data at least 24 hours before the official release.  He fucking knew what the data actually would show upon release but chose to "misstate" the facts (never did he actually lie, after all he's a liberal and he's black) and temporarily sent financial markets higher.  When the truth was revealed the bottom literally dropped out of the market.  I'd like to know how many "insiders" were shorting the S&P or other derivatives on Thursday.