Sucker Rally

GM says it does not need the two billion dollars from the government. The banks claim they are recovering. People feel euphoria. OK, back to reality, sorry, but this is a sucker rally. You will lose big if you invest now.

Also, rumors from the orient do trouble me, China's Wen says concerns over US Treasurys means China may diversify in euro. The US trade deficit with China means that they currently hold two trillion dollars. Expect this to affect the sucker rally.