stompk
05-20-2010, 06:46 AM
The stock market has been teetering on the precipice. The only thing
that is keeping the market from tanking, is the manipulation being done by
the US government, through it's TARP program.
This morning, premarket is showing -140 in the DOW. That is not good.
Roughly four weeks ago, the Dow (INDU) was at an 18-month high, Wall Street's fear gauge, the VIX (VIX), was at a three-year low and the yield on the 10-year Treasury note was flirting with 4% as investors poured money into stocks.
One month later and investors have done a complete 180. A $1 trillion European aid package failed to assuage worries about Greece and other struggling European nations. Those fears sent the euro spiraling to a four-year low and set off all kinds of alarms for market participants.
Fear is back as investors flee stocks - May. 20, 2010 (http://money.cnn.com/2010/05/20/markets/fear_markets/index.htm)
Anyone who has studied the activities of the stock market leading up to the Great Depression, will recognize that many of the same signs are happening now.
With the economy on the edge of the cliff, maybe the PTB put the Gulf Spill into play on purpose to push us over the edge. That would basically open up the US to be taken over by England, as they hold the largest amount of our debt.
that is keeping the market from tanking, is the manipulation being done by
the US government, through it's TARP program.
This morning, premarket is showing -140 in the DOW. That is not good.
Roughly four weeks ago, the Dow (INDU) was at an 18-month high, Wall Street's fear gauge, the VIX (VIX), was at a three-year low and the yield on the 10-year Treasury note was flirting with 4% as investors poured money into stocks.
One month later and investors have done a complete 180. A $1 trillion European aid package failed to assuage worries about Greece and other struggling European nations. Those fears sent the euro spiraling to a four-year low and set off all kinds of alarms for market participants.
Fear is back as investors flee stocks - May. 20, 2010 (http://money.cnn.com/2010/05/20/markets/fear_markets/index.htm)
Anyone who has studied the activities of the stock market leading up to the Great Depression, will recognize that many of the same signs are happening now.
With the economy on the edge of the cliff, maybe the PTB put the Gulf Spill into play on purpose to push us over the edge. That would basically open up the US to be taken over by England, as they hold the largest amount of our debt.