Click here for Jesse’s blog post about S&P and of course, the long-awaited return of JC to save the economy, otherwise known as Apple.
Make sure you watch the video clip. It explains how insiders in the 1920′s would pump up a stock (by buying the MSM), get the smaller investor in, and then sell. They still do that today and Apple is a prime example. Facebook will be our next example. Yes, 100 years later, there are still insiders and suckers, only now they are called muppets.
Side musing: did your hear about Egan? Click here. SEC goes after any rating agency trying to remotely look at the real numbers and actually speak truth and educate investors. This is a clear signal to independent rating agencies, fall in line or be out of business. You will have to do your own due diligence. SEC is now the officially a hit-man for the Family, otherwise known as TBTF. Be careful out there.