Matt, i'm with you on the conspiracy and paranoia...i don't trust government and the 'big boys' one bit. this time though i believe they would want to avoid a crash...yes, they would like to buy stocks cheap, but the mountain of derivatives makes this a risky adventure. the incessant admonishments directed at the average investor 'not to panic', to 'buy and hold', etc. are designed to avert such a calamity. however, all it takes is for the public to suddenly change it's mind as it did in '29. on the weekend before the actual crash the 'professionals' in the form of bankers, brokers and economists all promised a wave of buying would ensue on Monday, as the economy was fundamentally sound, corporate profits at record highs, etc.
but the rot had already set in, and somehow the man in the street decided not to believe the assurances anymore.
have a great weekend too,
regards,
hb |
