Now I'll get on my Crazy Tin Foil Hat mode and mention how I feel a "new world order" is working hard to cause a world wide central banking center.
The talk is the FED is about to raise interest levels, because all US indicators are positive.
If your one of us big guys cause market panic people. Guess what; This kind of put a big wrench in the FED moving soon!!!!
They just got what they wanted. World wide fear of financial markets falling apart again. I can't see any central bank loosening up now. Big money will continue to get money for nothing and their checks for free.
Bold shock & awe, IMO the New World Order just acted when the correct global news arrived to take advantage. China is slowing, Europe stalled, US weakly recovering. Is not worth this correction. Plus the 10yr crashed and decreasing mortgage rates will also keep the FED from moving.
The initial selling was not from money manager, institutions, or retail. Those people have hedges to help them from the need to act so fast. This was shock & awe, with high freq algo's driving behind.
An 11% 3 day correction. wow
