Re. Friday’s last minute rally
By Daniel at 6 February, 2010, 10:17 pm
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
It was neither “bargain hunting” nor “short covering”.
It was once again the “invisible hand” or “stick save” of FedTreasury money funneled in via the prop. trading desks to prevent a market sell-off.
Ain’t it just amazing that on Friday:
1) Asia was down 1-4% across the board.
2) Europe was down 1-3% across the board
3) US dollar was up about 1/2%.
All factors that would lead to the large sell occurring in the US markets until about an hour before close when the US markets were down 1.5% as they should have been.
Then magically the interventionist Fed, Treasury, and their sidekicks at GS, JPM once again rode to the rescue of the US equities market and reversed the sell-off. How many times is that now since Mar/09? At least 20,30, or 40.
It’s not even a question or issue of a conspiracy. It’s just blantant outright fraud and market manipulation by the Fed/Treasury in conjunction with a few insiders such as GS, JPM and da boyz.
- untrusting investor
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
No comments yet.