Video: Cashin, Wein & Kernen Debate The Market's Meteoric Rise

Entertaining discussion from CNBC this morning...clip runs 3 minutes.  My money's on Art Cashin.  Eventually the stock market must face the reality that the recovery will be anemic though I will admit to having seen markets run on fumes for months on end, with nothing but self-reinforcing momentum pushing indices higher and higher.  So be careful out there.  Bernanke and crew seem committed to re-inflating the bubble at all costs, including the sacrifice of our once proud currency.  Santelli had a few thoughts on the dollar's decline this morning; having donned the gloves, he's ready for a fight to save the greenback.

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Comments

[Sell Short]

Is this the DOW 10K party board??

[DailyBail]

Diana Olick: Reality Check
http://www.cnbc.com//id/15840232?video=1295336006&play=1

Less than 1-minute update on mortgage applications...

[DailyBail]

Yes, we're partying SS...what could possibly go wrong?

[DailyBail]

Dick Bove: Update on banks
http://www.cnbc.com/id/15840232?video=1292646295&play=1

Actually a pretty decent clip...he says losses are coming...

[Something Polish]

O-ver
Val-ued.

(clap x 5)

[Cadavre]

Workouts for Commercial - but none for residential. Am I the only guy to see the falseness of this trickle down. Working out Commercial should come last. Citizens are having to cover Citi/ Morgans / Goldmans / Lehmans pig in a poke sting with AIG as the CDS bookie, for every failure and criminal activity. OMG - Record profits - but have they paid back any of the tarp funds. How they can call a bankster profitable and neglect to even whisper the liability elephants on the balance sheet is beyond me.

Ya know what I think - this whole CDS swindle was a setup. Whoever won those CDS bets was owed bigtime by Citi BOA and JPC. Lehman, thankfully went belly up before any public discussion as to why it set up all those loan operations all over the US and was selling sub prime paper, 60% of the time, to triple A borrowers (how the F did that happen). How fortunate it is indeed that US taxpayers are enjoying deflation of their assets, without any consideration or benefit of a "workout", while, at the same time they're paying off the debts for the guys that did this to `em.

I got tar - anybody got feathers and pitchfork sharpening stones?

BTW the DOW is really only around 7000 (and I think even that number is a fudge):
http://www.zerohedge.com/article/dow-10000-oh-wait-make-7537

[S. Gompers]

Cadaver,

You aren't the only one seeing the falseness of it all. Good post.

[S. Gompers]

Destroying the dollar is part of the plan for "them" to get what they want. America as a third world nation...