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Market recap: Stocks finished mixed in volatile trading, as headlines out of Europe suggesting...

Market recap: Stocks finished mixed in volatile trading, as headlines out of Europe suggesting Spain will not imminently ask for a bailout added to the risk-off sentiment which kept a lid on gains. Crude oil ended a seesaw session in the red; Treasurys recovered early losses and ended on a high note. NYSE gainers and losers finished roughly even.
Comments (2)
  • wapiti
    , contributor
    Comments (694) | Send Message
     
    Just as I said it would happen at 3:09 comment! BEN and the FED(PPT) are required to buy stocks to support asset prices. nobody else with ANY sense of valuation is chasing these high fliers like UA,LULU,HIBB,ULTA,SHW,. Only the FED and IBD 50 lemmings. My question fro Bernanke is what happens when the valuations start mattering and people want out! It will be like yelling FIRE at the movie theatre and old Uncle Ben will be long gone like Greenspan. Complete MANIPULATION. If you don't believe it read the Bloomberg article on the FED and its theory of asset prices keeping our economy afloat
    2 Oct 2012, 04:16 PM Reply Like
  • thechaser
    , contributor
    Comments (456) | Send Message
     
    hey wapiti, zerohedge called it aaplollapalooza;

     

    great description; you bet, i was trading and right at 15:06:25, BAM!!, they hit the firehose on about 30 key stocks and of course numero uno was the US of Apple and voila, a good MSM motormouth soundbite of 'market rally at close'

     

    as marc faber said well, this will all end badly

     

    buy hey, keep your powder dry, spain will take the bailout here later this month, power elite have the excuse to juice the market higher right before the election, and then the rug pull gets set for late nov/ early dec with the classic 'oh, just a little profit taking'

     

    gotta love it
    2 Oct 2012, 09:17 PM Reply Like
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