Morning Post 10/19/11, SPX

OK, so GS and AAPL miss on the same day and the futures the next morning are flat? Are you friggin serious? To those of you that don't think the markets are rigged, are you at least thinking twice now? Are you now at least somewhat skeptical? All the major banks are basically using accounting fraud pulling down DVA's (Debt Value Adjustments) by the BILLIONS to beat earnings and the markets are acting like nothing is wrong with this?

"There is just one piece of information one needs to see to realize just how big of a farce financial results reporting has become in America, with the accountants' and auditors' blessing. Morgan Stanley today reported income of $2.2 billion, or $1.14 per diluted share on an apples to unicorns basis, compared with income of $314 million, or $0.05 per diluted share, for the same period a year ago." $1.12 Of Morgan Stanley's $1.14 Q3 EPS Comes From Benefit Of Spread Blow Out | ZeroHedge. "As for what matters: Institutional Securities revenue would have been $3 billion net of the DVA compared to $5.2 billion in Q2 - said otherwise a complete business collapse in the quarter." (emphasis mine)