Green Shoots, and Leaves

While Wall Street's favorite cheerleader, Larry the Enormous Mouth Kudlow, is talking "recovery" on CNBC and saying "We're seeing bottom" in order to try to get suckers like you and me to go out and invest money in the stock market, those who are in the know are selling billions of shares. Big time.

"Executives and insiders at U.S. companies are taking advantage of the steepest stock market gains since 1938 to unload shares at the fastest pace since the start of the bear market," begins the story at Bloomberg.com. And it goes on to say, "While the Standard & Poor’s 500 Index climbed 28 percent from a 12-year low on March 9, CEOs, directors and senior officers at U.S. companies sold $353 million of equities this month, or 8.3 times more than they bought..."

Barry Ritholtz also has some choice words about what's going on here, and he starts by quoting a wise observer who says "Nobody ever sold a stock because they thought it would go up."

Beware, my friends. There is no recovery, and the Lords of Das Kapital know it. But they want us to think there is one, possibly in the hope that we'll be dumb enough to buy in and further inflate the prices of the securities they're dumping as the recession deepens. That's why they've instructed their servants, like Mr. Bernanke, to talk about products of the imagination like "green shoots," and why the agitation and propaganda machines (or "agitprop") aimed at "the little people," like CNBC, are touting this so-called "recovery."

There is no recovery. This is a suckers' rally. Don't be fooled.