Friday, May 7, 2010

The Bogus BLS Numbers and More

There are only so many times that I can report on the bogus BLS numbers without losing my mind, so fortunately we have this report to bring you up to date. I don't know who this guy is, but in this video he is solid.

(Thanks to Viresh Amin)


  1. The video brings up an interesting point: what did cause the 600 point rebound? Could you imagine the return for someone who bought in at the bottom on Thursday?

  2. You wouldn't have been able to trade at the bottom. Trust me I tried to sell a short and it took 30 minutes for the trade to go through, which is way after the bottom. Thats a small trade though, so maybe if you had millions of dollars maybe the trade could have gone through.