Posted on 08/08/2011 11:19:49 AM PDT by pabianice
Obama is talking about needing new taxes and the nasty national financial downgrading by those meanies at S&P. The NYSE -- already down 312 -- just plunged an additional 150 points as soon as he started speaking.
Because the Fed is buying up 90% of Treasuries.
Really.
The “Turd King’s” touch!
There was an uptick around 3:30est. today but it looks like the PPT was swimming against too strong a current today:
http://finance.yahoo.com/q/bc?s=%5eDJI&t=1d&c=
.
PS: PPT usual strike 30 minutes before closing.
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