Monday, September 12, 2011
I talk often about how the stock market is rigged and manipulated;a big Con.. Here's a chart from today's market demonstrating it. Notice at 3:40p, the Dow is basically at around 10,870 after pretty much meandering all day at around that level.
Then in last 20 minutes, it spikes about 200pts- based on Nothing but "hopes"- A most worthless emotion-- that Italy could get financial support from China and that would Magically end the euro zone's sovereign debt crisis.
Here were some headlines the market reacted on before 3:40pm:
Greece Default Risk Hits 98% -- Bloomberg
Euro falls to 7-month low on fear of Greek default -- AP
Greece- the new Lehman Bros? -- Y! Finance
There is absolutely No reason if you're an average Mom & Pop investor, you should be putting your money in this market.. None!.. And if your instincts are telling you to sell, listen to them.
Posted by Susquehanna at Monday, September 12, 2011