Is wall street fooling itself about the economic recovery of the U.S.?

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I think, recent market activity and reports on consumer confidence has really bitten the wall street speculators. Wall street hasn't learned their lessons and still turning a blind eye that reforms are needed. Ordinary Americans and the rest of the world is suffering from the acts of the few in Wall street. Regulatory reforms should be implemented immediately. Even oil speculators are spreading rumors of economic recovery when in fact oil inventories are on the rise reflecting slow demand. Pres. Barack Obama is busy with his health care plan while the economy is in a tailspin.