happysoul77777

S&P Set for 50%+ Gains? Not So Fast, UBS

The CDS market is being manipulated.

The ETF AGG has recovered close to the level of pre-Lehman.
The absurd, ill-conceived, flawed fair market value accounting basically implied that at the end of September, the net worth of all financial insitutions were close to zero. Now. the broad market index has recovered, the financial institutions' net worth has increased a magnitude of a few trillions plus the recent capital injection by the Treasury.

There are a bunch of big manipulators still trying to create a panic by advertising the easily manipulated derivative indices.

Normally, I am already bullish. But, the stock market is structurally flawed because of the repeal of the uptick rule and the unregulated CDS market. Thus, I have concluded that this is a casino, and it should be played accordingly!