By 11:30 Dow futures have gone from more than 5% down to 2.6%. Speculation is Fed intervention was involved, buying up fallen stocks to slow/raise the crash. ... and people wonder why there is “income inequality” (aka super-wealthy keep getting more so): those who have the money and play such games KNOW such “safety valves” are in place, so as the market crashes they BUY! BUY! BUY! (remember, those recorded falling prices are noted only because someone BOUGHT stocks at that price) and sell minutes later when the “pressure valves” or whatever gov’t-meddling recovery mechanisms engage, making some people a he11 of a lot of money very fast. Lo, the Federal Reserve conjures cash out of empty ledgers, and buys overvalued stocks from quick-flip specialists who understand “buy low, sell high”.
so that bull is finally being exposed: the rich elite are rich elites because they have RIGGED THE SYSTEM to protect them at all costs...
and we wonder why our little mutual funds in our little retirement accounts get whacked all the time, why we can't get more than 1%on our savings, and why our taxes keep getting jacked up higher each year....