Amen, brother.
Re: the past two days, wild Dow swings ending almost dead even,
either we are seeing statistical miracles, or a most naked example of the power of someone or something in manipulating the Dow. Not counting staggering deep declines on Monday that came roaring back, and probably more but I do sometimes do something other than watch the market. Although until this is over, I think I'll stay tuned.
I am deeply impressed.
But, I think this shoots the $%#&* out of every theory I can think of, Dow theory, Elliot wave theory, even efficient market theory.
At this point, I halfway expect a flying saucer to land on Wall Street, and aliens emerge, and explain that they have been doing it. Or else some freaking great computer. Or maybe Allen Greenspan, going mano a mano with the hedge funds and currency speculators.
Whatever.
CobaltBlue |
