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I went over the crash scenario in more depth in tonights premium report.
Are you suggesting the FED buys the market indices? How? Through the futures market? What evidence is there that the FED does that? Is it not vetoed by FED statutes to manipulate the equity markets?
sure, the FED controls and manipulates everything, even the market-moving news coming out of Greece
and don’t forget, the “Bullion” Banks control the direction and price of gold and silver
as long as you understand that, you’ll have no problems understanding the manipulation conspiracies that abound in such reports and in King World News and other sites
Michele,
No, the Fed does not buy stocks or futures. However, the government certainly has the control and power to administer such procedures in times of extreme crises (such as a crashing market) like the current Chinese market.
Once in awhile Gary will spout PPT or “Fed has your back” notions. He is simply alluding to the fact that in a virtually zero percent interest rate environment, individuals and institutions really have nowhere else to put money other than in equities which drives up the prices of stocks.
The PPT (Plunge Protection Team) was created a long time ago to only help in extreme stock market crises. Most recently they were used in 2008 to help cushion the fall in US stocks.
Interest rates aren’t at 0 anymore. They’ve risen considerably in the last several months. There’s not even any question whether or not the PPT has been intervening in the market since QE3 ended. If they hadn’t the S&P would have followed the transports and European markets lower. They would have deflated just like they did after QE1 & 2 ended.
Is it legal for the Fed to be buying equities (or whatever it is they’re doing)?
I see a pivot point for stockmarkets first week of August
If there is any shred of free market left then the market should turn and head back down into the normal ICL once Greece fails to make its next payment on July 20.
Totally agree, look at the link i posted below, many smart folks out there!
Look at this chart, centralbanks is about to lose control:
http://spiralcalendar.com/wp-content/uploads/2015/07/070515corlaollaps.gif
Very interesting, markets always win in the end !
The Grexit article:
http://spiralcalendar.com/2015/07/grexit-schmexit/
Impulsive and stupid rally in Sweden today, OMX almost up by +4,5% in two days and almost everyone is bullish going forward. Bought a Bear position today. Lets see how the weekend unfolds … with Tsipras&Co
2075-80 today and then down we go to see 2045 by next week.
Probably rallies through the Humphrey Hawkins speech at least.
statistically speaking OPEX week in JULY each year has been bullish 8 out of 10 times.
So much for ‘past’ history. Wait till future history arrives, or has it?
What the hell. I think the markets are about to drop like a stone. After the recent up and down action, a wave 2 triangle, I think we are about to enter wave 3 of 3 down. Cross your fingers.
Would be nice to see a normal correction, but we haven’t had one in literally years. 🙂