If you aren't familiar with "the working group" here is the wikipedia link.
If you look at the daily charts, there will be a massive bomb of orders close to closing time, focusing on the bank stocks and other DOW indicators.
It's your Federal Reserve and Treasury, working hand-in-hand, teaming up to make your USD worth less and less as this house of cards gets stacked higher and higher.
I'm just amazed at how bold-faced this crap is.
4 comments:
you don't think it had anything to do with the better than expected credit numbers released an hour before the close or GE not needing to raise money?
I thought the plunge protection team would not let the dow go below 8500?
Yeah the dolllar is just falling from the sky and gold is worth what 3k now?
what am i missing? I clicked that link. Where does it say anything about buying stocks?
I think the fertilizer from your garden you are starting must be getting to you head
Market Crisis of 2008
On 06 October 2008, the working group issued a statement indicating that it was taking multiple actions available to it in order to attempt to stabilize the financial system, although purchase of stock shares was not part of the statement.[12] The government may wind up owning shares in the firms to which it has provided loans, as they will receive warrants as collateral for these loans.
The PPT is somewhere between truth and fiction. No one is really sure it exist but it creates great discussion.
But Gary you are correct about the house of cards.
(IMO) one level has already tumbled but the biggest is yet to come.
If not convinced ck this out.
Click on the Free webinar from 12/11/08
http://www.hsdent.com/free-downloads/
But that is the beauty of Capitalism. Let them fail, another company will just rise up and take their place. How many threats are the American People going to put up with that "if you don't bail them out a catastrophe will happen"..bull, let them fail and give another company take their place..if a photographer fails another one will take their place..same principle.
Post a Comment