Pure Govt control --- Recall during the elections in 2008 when Obama/McCain came out on national TV? all the stations carried the news cast.
They both announced that the govt had authorized a NO-Penalty, No TAX if you withdrew up to $15,000 on you retirement savings.
I don't recall ever been so upset and screaming at the TV, and cursing them out. I do realize some Americans did need that tax break and to withdraw some cash on that emergency. But, I am sure that caused more panic to the overall market. The following weeks, we had the most ever money taken out of Mutual Funds in our history. That caused the DOW to dip even faster, a panic sell.
It was and still is a pure correction to the Market, it's a cycle that happens since the start of time civilization. Now, is our job to find their game and play on their side.
When your future leader scares you in that manner people listen. If you all recall I kept telling on the board that we were doing a 61.8 FIB Retrace on the DOW!! I kept begging for those great chart posters to post a FIB CHART on the DOW.
If you do the math on the DOW from 14,120 to 6500 is so close to 61.8%
The market is manipulated by the media, wall street and our Government. All together they steal from the NOVICE investor and the little guy and those big companies that don't join the club.
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