Simply Politics & News

[mlsoft]

redfisher...

As I have said here many times, for over 2 years now (since the near economic collapse) the market has been actively manipulated -- we no longer have free and open markets. Holding the markets up and trying to send them higher was admittedly (by Bernanke himself) the whole reason for QE2 -- it funded the massive manipulation. The market has been not only held up, but openly propelled higher by manipulation by the fed. Believe it or not, your choice, but it is true. I worked in the industry as a trader and manager for a well known national brokerage for over 15 years and know market manipulation when I see it.

They have to do this because if the market began a new and serious decline it would certainly crater the economy which is currently barely hanging by a thread. They have no choice because the past mismanagement of the economy by the Fed (first by Greenspan and now under Bernanke) coupled with enormous deficit spending has put us on a path toward total economic destruction.

The Fed is desperately trying to stave off economic collapse, and the last time they did this (after 9-11) it worked. I have my doubts it will work again given that the economic fundamentals are so much weaker this time.

But we shall see.

mlsoft