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:
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 324.88

Could it be bargain hunters? Or could it be the Treasury/FED monster propping up the dead?

Either way, you heard it here first.


Well it appears that now I'm not alone in my suspicions: