SPDR S&P 500 (SPY): They know the underlying economy is clos...

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Re: photo4u post# 189406

Friday, 03/04/2016 2:15:45 PM

Friday, March 04, 2016 2:15:45 PM

They know the underlying economy is close to full collapse, they want to keep up appearances that everything will be ok. Rallying SPY back to 200 achieves that. If SPY goes to 160, it would be all over the news "DOW down 1000 points as stocks tumble" and then regular everyday people would start to be concerned. There could be bank runs, etc. It's better for them to just expend capital to manipulate SPY back to ATH. It's all strategic. Nothing that's happening right now is taking place without much thought and planning.

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