Morning Post 01/19/12 (SPX)

You gotta separate what's real from what's false and then place your bets on what's not real. That is the sad reality of investing today. Want proof? Let's look at two reports on BAC from this morning and see what the MSM, Wall St. and the central planners want you to hear and see and then lets look at what's really behind those stellar earnings.

The MSM, all is well, nothing to worry about, throw your money in the pot so you can retire rich and we can make massive fees off of you while you actually go poor view - From CNBC, Bank of America Rebounds to Post Profit; Shares Surge - US Business News - CNBC, "Bank of America matched profit expectations and exceeded revenue estimates for quarterly earnings, sending shares that had been trading below $5 just a month ago spiking higher in premarket trading." and add, "In particular, BofA said it made $2 billion in the fourth quarter by selling its stake in a Chinese bank and selling debt. That offset losses and higher legal expenses in its mortgage business."