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Re: jbog post# 4870

Tuesday, 08/09/2011 1:01:25 AM

Tuesday, August 09, 2011 1:01:25 AM

Post# of 20689
OT

The markets should have stuck around the 8k range at that time so the extra 1400 point drop was pure manipulation by Washington, but you're right it presented itself as a great buying opportunity.

The extra point drop in March 2009 was largely driven by forced liquidations by hedge funds as a result of investor redemptions. The govt stimulus package and changes to TARP were approved in February 2009.