What's Going On With The Dow?Submitted by cactus1010 on Fri, 11/14/2008 - 01:41
One day it's down 400 than up 500.
Seems like everytime it gets close to going under 8000, it stops and starts going up.
It continues to bounce between 8000 and 9000. It goes up on bad news and down on good news...what's up with that?
Could it be PPP game playing?
In my opinion ,buying stock now is like playing Russian Roulette.
The Not-So-Invisible Hand - How The Plunge Protection Team Killed The Free Market
By Ellen Brown
.In response to Bill Saporito's comment in Time, it might be countered that Henry Paulson's Plunge Protection Team is quite adept at rigging an economy. The difference between an acknowledged socialist state and the stealth socialism we have in the U.S. today is that in a socialist state, everyone expects the market to be rigged and operates accordingly. In a rigged pseudo-capitalist economy, investors are easily separated from their money because they expect the market to follow "free market principles" based on "supply and demand." They are seduced into "pump and dump" schemes - artificial manipulations that allow insiders to unload stock at a high price or buy it at a low price - because they trust in Adam Smith's "invisible hand," which is supposed to automatically set things right in a market left to its own devices. The market today is indeed controlled by an invisible hand, but it is not necessarily serving the interests of small investors.
PLUNGE PROTECTION FOR SOME, PLUNGE CREATION FOR OTHERS
The most egregious examples of market manipulation have been in gold, silver and oil. The official "spot" (or cash) prices of gold and silver were taken down sharply in the week before October 24, despite the fact that physical demand has been inexorable. Gold is available in the "real" market only at huge markups, and popular types of silver are not available at all.1 We were taught in school that communism does not work because when industry is in the hands of a single owner (the government), competition is eliminated and chronic shortages and black markets develop, since the government does not let prices respond to "supply and demand" but dictates them from the top. Today this is happening with gold and silver, with the true physical price varying radically from the reported paper price.
Gold is known as the "contra-investment," the "go to" investment which historically has gone up when other stocks were failing. Investors see it as something tangible that will hold its value when everything else is falling apart. For that reason, rigging the market to "maintain stability" means suppressing the price of gold