Apple plunge protection kicked in big-time yesterday:
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Walt Disney hired all those foreign H1B visa software programmers ... after FIRING the 200+ Americans ...
To “hell” with Disney ...
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That happened about the last half hour.
Down again -205?
Not looking too sharp since last Thursday.
600+ point swing.
they’re doing what they can to keep it afloat
There’s that 666 number again. Didn’t that happen during the 2008 crash?
I was busy early in the day, so I didn't even check the markets until later. Every headline was about how stocks had rallied.
I expected a rally, because the market does that. But even as I read the headlines, I said to myself the same thing I have been thinking: "Rallied....based on......what?"
The global markets were either struggling or diving at the same time Wall Street traders were high fiving each other this morning.
Hot air, and happy talk.
The US economy is an absolute mess, and the stock gains these past few years are are the result of $4 Trillion in fake money created by the Central Banks and "pumped" into the market. Heck, give me $4 Trillion and I can make anything look good as well.......for a while. Then the bill might come due.
The disparity between the market soaring in recent times and the real US economic Depression is vast and deep.
If you really want to see something scary, look at this chart from this article:
What this chart is revealing is that the S&P (market capitalization of 500 large companies that have their stock listed on the NYSE or NASDAQ) traditionally has a tie to commodity prices. However, because of the QE mirage and pumping, they have diverged. With stocks now facing the music, the danger is that the S&P may have to fall 50% just to go back to reality. But, commodities just got hammered again, and oil, gold, and others are falling. Combined with government debt situations worldwide, this means a global death spiral could enfold.
Owebowma still working on that mess Bush left for him. Poor fella, he’s doing the best he can.