Perceptions

          This recent downdraft in the stock market, best characterized by its dogged persistence, bears the earmarks of a unified attack by the Crime Families, including one single, solitary explanation disseminated widely across a complicit media.  Stock prices have to come down, we’re being told by every news outlet in the land, because bond prices are going up due to PROSPECTS FOR improved economic activity.

         Our observant readership has already noted the difference between an actual improvement and PROSPECTS FOR such.  That is what makes us suspect the latest plunge south to be the result of concerted criminal action.  Nothing has really changed, so some consigliere had to come up with a reason to give the Securities and Excuses Commission an excuse to look the other way while every last penny Crime Lords can get their hands on is thrown into selling the markets off in a unified heist getting foisted upon the investing community by its oversized and Quasi-Governmental financial racketeering sector.

         Back in the day, MacDougal was there, clerking the trading desk at Filch & Finagle, when the call came in.  The F & F Don took it on his red phone, the party line, got the word, and came screaming out of his office, yelling “SELL, SELL, SELL, SELL, SELL ….” at the top of his lungs.  Flushed and uglified by the urgency of greed, the thieving b$st$rd was a terrifying sight.  MacDougal still cannot forget how this huge throbbing vein protruded down the side of the gangster’s neck while the horrifying intensity to his body language drove the frightened summer intern from the crime scene.

         Down the corridor, MacDougal heard the Sales Department Capo screaming at the firm’s customer’s men.  “BUY, BUY, BUY, BUY, BUY …..” is what he was yelling.  Those con artists would be ringing up their clients to sucker "counterparties" into buying what Filch & Finagle - and the rest of the Street - was so suddenly in the process of selling.

         From 1915 to the day MacDougal’s dad died in September 1969 the Filch & Finagle trading desk never experienced a losing month, not even during the Great Depression.  MacDougal knew for sure because his old man kept the family books, and MacDougal’s experience as a summer intern showed our blogger the how, as you just read, and the why: their operation was run by total f%ck1ng crooks.

         Today’s perception that economic activity is likely to improve will head off any thoughts that a criminal cartel is ripping the public off once again.  The cover story will keep shifting, in all likelihood because the fancy hedge fund criminalistas have offshored our manufacturing sector to the point where the resulting loss of purchasing power by laid-off workers has crippled the demand side of the domestic economy so much we can no longer sustain a meaningful economic recovery, and new perceptions will explain away increases in stock prices after the public has been scared out of their stocks.

         It's business as usual on Wall Street once again.

         Valued subscribers, pleeeeeeeeeze keep your eye upon the income coming from your highest quality blue chip common stock investments, and not upon the quote, and we will all survive the storm.

         That is the perception of the day at your MacDougal Post.