On the heels of yesterday’s shocking report from Matt Tiabbi of Rolling Stone, I saw another anger-inducing bit on the banksters of Fraud Street. The following link is a good video from “Daily Ticker” where Bill Black describes “The Immunity Doctrine” of the US government.
http://finance.yahoo.com/blogs/daily-ticker/another-crisis-coming-long-banks-remain-above-law-153109732.html?sec=topStories&pos=9&asset=&ccode
In other news, clashes continue between police and the populace continues in Greece, bringing it closer to default. Greek 2-YR debt yields have skyrocketed to a record 22%!
http://www.youtube.com/watch?v=xkGKWvO-17s&feature=player_embedded
No need to worry though, Qualcomm and Apple both beat earnings. Yes, that is very good; however, one needs to keep an eye on everything – not just earnings.
Trade Date: 4/20/11
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