Okay, GM just went bankrupt, oil price hits a yearly high, consumer spending continues to fall, mortgage rates have gone up and the real estate market remains in free fall. In response to horrific news, the DJI goes UP! 215 points (2.5%).

This is NOT! the response of a rational “free market”.

Is this the work of the “Plunge Protection Team” (PPT) or is it a continuation of “Pump and Dump”?

What entity is buying into this market? Are they buying with freshly printed money? How long before someone notices that the emperor is nude?