Please explain to me why the dow remains over 13K ?
Did you read the article?
Bernanke and the Federal Reserve policies have been rapidly devaluing the dollar by the issuance of vast amounts of fiat currency. Every time two fiat dollars are added to the money supply, the theoretical value of an existing dollar already in circulation is cut in half. The decreasing value of a dollar means you have to use more dollars than before to buy the samee asset whose intrinsic value is less affected by the devaluing of the dollar currency. The price of a cheeseburger or a share of a Dow30 corporation trend upwards as the value of a dollar trends downwards.
Countering the upward trend due to the devaluation of the dollar is a downward trend due to impairments of the intrinsic values of the corporations and their stock. Reduced employment results in reduced consumer spending and reduced corporate sales. As the markets shrink and wither, corporate profits require innovative means to expand their markets or become more cost efficient and profitable in a shrinking market. When too many corporations appear to be losing too much of their intrinsic value because of limitations upon their markets, efficiency, and/or profitability, they become ripe for significant pull backs against the upward trend caused by currency devaluations.
To halt these pullbacks before they could reverse the Bull market into a Bear market, Bernanke at the Federal Reserve and Geithner at the Treasury have been pumping trillions of your taxpayer dollars into the stock market to prop up the market during the elections and Congressional negotiations. This further distorted the economy and markets by vastly increasing the money supply, further devaluing of the dollar, massive manipulations of stock prices, and creation of many levels of uncertainty for investorrs. Investors know full well that the stock prices are inflated into a gigantic bubble as a result of the currency devaluations and the market participation and manipulations. As all such financial Ponzi schemes and bubbles must eventually collapse, so too must the current markets. Its only a question of when and how the collapse will occur, and how Democrats will attempt to blame Wall Street and the Republicans for the inevitable consequences of the Democrat fiscal policies.
Please explain to me why the dow remains over 13K ?
Yeah, beginning to look like total manipulation on the numbers, isn't it?