Joyeux Santa Claus Rally, et bonne Recovery!.....................from Rico

Happy Days! With the DJIA ~ 16,000 and the S&P ~ 1,800 and the US markets closing yesterday at their 48th record-high 'close' for the year, is THIS the annual Santa Claus rally? - Well, not if you're one of the +50% of Americans that do not own ANY of these Fed-juiced equities. But hey, there is a "recovery" happening according to the Career Politicians, the MSM and the Financial media, et al (aka the Forest Gump Alumni Association; for Libtards read: the stupid). - Ignore the +20% unemployment rate, a labor force participation rate from ~1978, and a +10% inflation rate...besides, they aren't being truthfully 'reported' to you anyway. Not to worry. Housing will lead the way FORWARD! - Ignore that mortgage applications have dropped 66% from their peak in October 2012, or that "refi's" are down 73% in the last five months to a fresh 5-year low. NO, the Grinch did not steal Christmas OR the Santa Claus Rally. - Barry's war on coal made it an undesirable commodity to find in your stocking, and the US economy (for all the 'official' polishing it has gotten) instead remains a turd with the consistency of slightly-damp peat which was not worth stealing.