Tuesday Outlook: Market Manipulation? 9 comments
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No one knows except the insiders at the Fed and Treasury,
and they’re not saying if they did so, but the DJIA composed of only 30
stocks is the easiest to manipulate.
You could add-in a nearly 12% pop in JPM and that pushed the average
higher along with a few of the biggest tech and telecom names.
The DJIA is, as some describe, mere “window dressing for the tourists” and is the index followed by Main Street, hence the focus.
What a gift JPM was given! Or so it seems. They buy what was a strong franchise for $2 a share and $30 billion in possibly free money from a desperate central bank and taxpayers. You might wonder why BSC stock traded at nearly $5 and that’s a very good question. But it seems some view the stock as an option on JPM. Those playing that game must know what they’re doing but it’s beyond my expertise.
Again, inside the numbers, equity markets had a bad day.
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This article has 9 comments:
Plunge Protection Team
Not that I'd call them idiots, myself. Don't take that to mean I agree with their policies but they have different goals than I do.
I think this guy is on to something and I like all of his graphs.
with some of the comments made on the charts.
one hell of a lot going on with IWM-especially at that 64.25 level and
SPX@1333.50. Take a close look friends. Klaudensnoval-