Posted on 08/17/2009 10:09:45 PM PDT by Kartographer
I am very confused by this market. I expected a dead cat bounce, but it turned into a sustainable rally. The money is coming from the Fed flooding the system with liquidity. The banks are buying back their own stocks and pumping up the markets.
The fundamentals say that this should have been nothing but a dead cat bounce. If the PPT can keep stimulus money pouring into the markets, then they can float this rally longer. So I’m very confused whether Bernanke and Geithner can extend this charade or not.
At the same time, I hear that big insiders are selling hand over fist right now, so it sounds like they expect a big drop in the market.
Disclaimer: I am 100% out of the stock market.
I sure didn’t realize at the time that when Obama called a bottom in the stock market, it was because the government was beginning to game the system and ramp up the market with Fed liquidity. Obama’s call has turned into an admission of guilt that they were about to manipulate the entire market.
Cue those who have their heads in the sand and claim the market is too “big” to be manipulated. We know who you are.
bookmark for later....wow
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