THOUGHT FOR THE DAY!
Is the DOW still being "tinkered" with?
Webmaster's Commentary:
In looking at the actual chart for the day, there are two clear points where the DOW started back down, only to have a sudden flurry of activity push it back up again. The down ticks were not enough to trigger computer buying, and certainly the upward shoves seem far less obvious than the one seen at the end of Friday's trades, but given that the fundamentals of the economy are not any different from last week, today's numbers are not all that reassuring.




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Comments
inside the oval office
bfrankHey Dick, looks like that $700 Billion is working- the Dow is up 900, my legacy is saved, heh heh heh. Laura, grab me some pretzels, he he.
Sorry Dipshit, you're legacy is still F*#%ed. After that $150B to the banks and what we used today, that $700B will be gone by noon tomorrow.
PPT
poorrichardToday.. I saw somebody like Cramer.. Yelling, and saying that in the last seven days.. in the last hour of trading that The Market jumped up.. The Youtube thing I saw, gave me the impression that this has been going on for the last ten days. Same thing at the end of the day.. The stocks go up... Like magic
The end result is that it makes investors very nervous.. The thought that stock prices are manipulated.. Yikes!
And then another thought occurred to me.. Who has the the incredible amount of money to make the Markets jump in the last hour of the day..
The People who own the Federal Reserve do. All they have to do is print it, or make a notation on a computer.
Is the DOW still being "tinkered" with?
the_big_weddingI would not be surprised if the DOW Jones Industrial Averiage is being tinkered with.
the DJIA has always been tinkered with...changing out the stocks representing the DOW, if a particular stock in the DJIA begins to "under-perform", changing the weighting of different stocks making up those 20 selected stocks averaged into the DOW to "enhance" the DOW's performance.
But even more so, if we now know the COMEX Gold Futures are being manipulated to prop up the fiat currency and markets over the spot price of gold, you can bet your bottom dollar they are going to do it with the bell-weathers that represent the DOW.
Sorry... People are not buying it...
Liberal ProfessorA friend of mine spoke with his broker - years in the business and generally a high-cash-client guy. He said he did NOT TAKE A SINGLE PHONE CALL TODAY. He placed zero trades with the established clients that he has.
He believes this is institutional buying, period. The public is still too scared to "jump in," and is keeping their money in the banks (as if that is any better right now).
Bear markets do not turn on a dime when good news comes. Something actually has to change, and there is more bad news to come in my book. We only realized this problem a month ago, and it has been accumulating for years. We are at the tip of the iceberg. The Titanic has not managed to turn, although it may appear to be the case to the nearsighted people out there.
And just as a disclaimer: If you buy or sell stocks based on anything I say, then please, take my advice on another matter and see a good shrink.
DOW
shipwrightHe believes this is institutional buying, period. The public is still too scared to "jump in," and is keeping their money in the banks (as if that is any better right now).
As in PLUNGE PROTECTION TEAM propping things up for normal opening tomorrow??
DOW does not reflect true economy
earlybirdI agree with you Michael. The stock market fraudsters must be living in a parallel universe because it simply does not reflect current conditions. I just don't buy the fact that the stock market could have regained any trust or confidence from Joe Q. Public--trust and confidence went out the window once the cows were let out of the barn. In my estimation, that trust will be a longtime coming if ever.