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Politics : Welcome to Slider's Dugout

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From: RonMerks11/13/2007 4:23:53 PM
   of 50746
 
Dow up + 300 points?

Now I bought a few big cap longer term holds like my Home Depot, so I am happy the DOW rallied 300 points today. And anyone who is long gold, or silver should be happy to. But, what the hell? Is this market manic-depressive or what?

Up 300 - down 300. The sky is falling - everything is rosy.

My take- is that the Plunge Manipulation Team rallied the DOW back up to the 200 dma and will let it float there. Just weak enough to still be able to cut rates again in a few weeks, but not strong enough where people will doubt their sanity.

I simply can not believe the degree of manipulation and intervention into what we are led to believe are FREE MARKETS.

I sure don't see nothing FREE about them. They're manipulated, intervened upon and gamed on a near daily basis. I still think what Slider terms the 'prize' - SOCIAL SECURITY PRIVITIZATION is what they'll be after next.

If Wall Street gets working America's social security money- can you imagine the pressure to prop up markets- when the masses will be aligned with Wall Street?

I remember 1966 to 1982, or there-abouts, when the stock market was dead money for like 15-16 years. What the hell would America do then- with no social security income- just dead money?

Ron
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