[socialism_stinX]

This move by central banks helps the European banks but does nothing to solve the big problems Italy and Spain are having with sovereign debt refinancing. There still aren't any buyers for Italian sovereign debt other than the ECB and a few risk-taking institutions. There's no reason for the huge move up in our stock market today. The action in our stock market looks like a blatant intervention by the Working Group (aka the "Plunge Protection Team"), in which they bought the S&P futures before the market opening to cause a big gap up opening and screw short sellers. This kind of intervention in the equity markets, besides being totally unethical, is dangerous policy because it inflates stock prices up to artificially high valuations, and that can cause a sudden disorderly collapse in stock prices when most buyers step back from the market at those artificially pumped-up prices.

We're living in a Banana Republic now where the current regime intervenes routinely in the financial markets in an attempt to get the regime re-elected next year. This regime needs to get its hands off the financial markets and only intervene in a true market crisis where there is a total absence of buyers, and we're not in that kind of crisis now.

[stfassisi]

“”There’s no reason for the huge move up in our stock market today. The action in our stock market looks like a blatant intervention by the Working Group (aka the “Plunge Protection Team”), in which they bought the S&P futures before the market opening to cause a big gap up opening and screw short sellers. This kind of intervention in the equity markets, besides being totally unethical, is dangerous policy because it inflates stock prices up to artificially high valuations, and that can cause a sudden disorderly collapse in stock prices when most buyers step back from the market at those artificially pumped-up prices.””

You’re exactly correct,this is the final set up before the big fall

Here is pretty good article from WSJ released an hour ago
Global Central Bank Action Sends Dollar Plummeting
http://online.wsj.com/article/BT-CO-20111130-717034.html