Posted on 08/24/2015 6:45:45 AM PDT by Enlightened1
Looks like the PPT went to work early this AM, losses cut in half.
“No doubt that the PPT has gamed and modelled an event like this and was ready to dump money to control it. The Fed is largely responsible for this mess and they are still in the driver’s seat.”
Casino owners have long known that variable interval reinforcement will suck a gambler into continuing their play until they lose all their money. In other words, the more fluctuations that occur (alternating wins and losses with variable intervals) prior to the big collapse the more suckers will ride it to the bottom.
That’s why there is chance that our next president will be a casino owner who takes advantage of the poor suckers.
We’ll disagree and here is why I say that...they are already calling this a 10% correction, not a panic market.
The distinction is very clear the powers that be are already pumping up the propaganda too.
“10% corrections normally occur an average of twice a year. We haven’t had one in over four years since 2011. Having experienced a market that has gone basically in one direction with very little pullback since the bottom of March 9, 2009, we’re all a little spoiled”
I agree 100%
Apparently, many stocks did not open at the starting bell. Ford was trading and then halted because, after the opening drop, it rose so fast a halt was put in place because it exceeded upside parameters.
Respect your views but bear in mind that there is a lot of external pressure (ECB, IMF) on the Fed to not hike rates. Also, higher rates mean higher dollar which negatively effects our exports.
I also think the Fed is reluctant to raise rates because of its impact on the government’s debt service costs which are already astronomical. But that’s another topic for another day.
We live in interesting times. lol
Housing starts are up, car sales are up, and a huge drop in fuel prices will allow money otherwise pumped into gas tanks to go into other sectors of the economy.
Food prices will drop as fuel drops during the harvest season.
It’s China, Russia, Brazil, etc. who are hurting because their micro-managed economies are fundamentally unsound.
Housing starts are up, car sales are up, and a huge drop in fuel prices will allow money otherwise pumped into gas tanks to go into other sectors of the economy.
Food prices will drop as fuel drops during the harvest season.
It’s China, Russia, Brazil, etc. who are hurting because their micro-managed economies are fundamentally unsound.
I thought they stopped QE?
I see the PPT has been busy this morning.
People who make a nice living manipulating things, data, and the perceptions of other people will continue doing what they do. I mean, what else would all those Fed number crunchers and paper pushers do if they didn’t have jobs where they could print money, prop up stocks, spin economic weakness with “data dependent” verbiage, and generally keep the wealth effect game going? Its a comfy gig and they’re not going to give it up even if they have to work overtime now and then to protect their institution.
Fox is very clever. They play a good game that deceives their viewers.
Megyn Kelly almost blew it for Fox when she removed the cloak and we saw that it was just a thin veneer of conservatism. A false façade. That’s why she’s on vacation, which incidentally occurred right after she had just taken a weekend away at the beach.
WHY?... In a nutshell (TOO BIG TO FAIL)!
We all at some point will pay for this continuing bailout.
Despite It All, Signs Of A Strengthening U.S. Economy
The Fed’s challenge is that much has changed since July, and it’s not clear how much of the market turmoil in August will impact its thinking — or the U.S. economy.
Read More At Investor’s Business Daily: http://news.investors.com/economy/082415-767849-us-economy-rebounded-in-july-says-chicago-fed.htm#ixzz3jl6mqo5u
I have no doubt the Fed has been pumping the market all day.
Perhaps if they did not, then the market would have fallen over 2000 points?
No question there is market manipulation at play today.
While it’s good for the short term it hurts the markets in the long run. People will have less confidence and certainty. Moreover, it just sets things up for a bigger crash later.
The Fed just needs to let the markets run the course instead of artificially propping it up.
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