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OCT 11, 2013 - Zero Hedge

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“Yellen Props Up Stocks” And Other Delirious Data Points

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter Alarm bells went off: “Yellen props stocks,” the headline read. Somebody needs to. Politicians in Washington are actively contemplating how to most effectively send the largest and brokest debtor in the history of the universe into default. Corporate revenues can’t keep up with inflation. Earnings estimates and actual earnings growth plunge. And the S&P 500 soared 16% year to date. The first of the S&P 500 companies to report was Alcoa. Its aluminum products are used in ... Read More

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