You have to realize Wall Street and the government control the media, the data, they control everything. This whole time the market was climbing in 2003 some indicators were diverging I kept thinking any day were going to crash the economy was not creating very many jobs. Some were calling it a jobless recovery. Well it just kept moving up. When it would start to weaken the Fed or Treasury on some company would jaw bone it higher.
The index futures are a marvelous tool for market manipulation. Itâs much cheaper to jam the futures over night and gap stocks open, than it is to have to open stocks flat and push them higher, thatâs very expensive.
The one thing that kept earnings and retail sales chugging along was credit and a lot of it. Every cycle is a little different, 2004 was an election year that may have had a lot to do with the 2003 rise. Donât forget we have a 2010 election cycle. You best bets will be to wait for dips scale in, then scale out, shorting as we saw today in the last three minutes can blow your whole week in 3 minutes, if your on the wrong side. IMO itâs all rigged to the upside. Just like last year it was a rigged to the downside.
The index futures are a marvelous tool for market manipulation. Itâs much cheaper to jam the futures over night and gap stocks open, than it is to have to open stocks flat and push them higher, thatâs very expensive.
The one thing that kept earnings and retail sales chugging along was credit and a lot of it. Every cycle is a little different, 2004 was an election year that may have had a lot to do with the 2003 rise. Donât forget we have a 2010 election cycle. You best bets will be to wait for dips scale in, then scale out, shorting as we saw today in the last three minutes can blow your whole week in 3 minutes, if your on the wrong side. IMO itâs all rigged to the upside. Just like last year it was a rigged to the downside.
