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  • Keep Your Seatbelts Fastened - It's Gonna Be a Bumpy Ride [View article]
    Like it or not, and I for one do not like it, Bernanke's gift to the investment banks of 200 or 300 BILLION dollars from a wide open discount window gave them all the ammunition they needed to day trade this market up and down, taking huge profits both ways (its basically their ONLY profit base), in exchange for which they have plenty of money available to keep a bid under this market.

    In fact, they may not have gotten the discount window candy if they DIDN'T agree to keep that bid at 11,100.

    The election is too important for them to leave anything to chance, and a meltdown in the US markets would be very bad for George McCain and the nitwit.

    Invisible Hand and the Plunge Protection Team win... the markets and the Constitution lose.
    Sep 12 12:22 pm |Rating: +1 0
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