If you're wondering about this week's sucker's rally in the Dow, don't be surprised. Bank of America says it'll magically be profitable again by the end of the year just like Citigroup, and the government is making definite plans to change mark-to-market accounting.
All this boils down to one thing: lying on Wall Street is back in fashion. Instead of actually fixing the problem, lying about it turns out to be so much easier.
So for now, the markets are rallying. Good times, right? Recession over?
Magic 8-Ball says "Signs Point To No."
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