It does seem like every time the market makes some huge drop (like 11/13/2008's -554.11 drop) it makes a remarkable close up the next day (11/14/2008's 324.88Well it appears that now I'm not alone in my suspicions:
Could it be bargain hunters? Or could it be the Treasury/FED monster propping up the dead?
Either way, you heard it here first.
Saturday, February 27, 2010
Remember - The Peon Pulpit Called It First
Remember back in 2008 when I made my first stock market prediction and was somewhat amazed that it failed to even come close to being accurate? At the time I suggested that perhaps the Fed was covertly purchasing stocks to prop up the market artificially:
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