Author: World Worst Stock Picker
Website: http://worldworststockpicker.com/2008/10/08/market-manipulat…
Sometimes gaming the stock market is impossible. Specially when you have the morons and dufuses of the Fed opening their mouths every 5 minutes. Read the following news headlines with their timestamps and the tell me how can you honestly feel safe in the markets?
Global sell-off continues Wednesday: Dow futures down 300 points, Tokyo slides over 9% at 5:56 AM
Federal Reserve, Bank of England each slash interest rates 7:10 AM
Stock futures surge after coordinated rate cuts from Fed, ECB, others 7:13 AM
The bounce could be on today. If we close above DOW 10000 we could be onto something on the long side. If not this day will be classified as a big failure. My advice to you is to be on the sidelines until the smoke settles.
Yesterday Mr. Paulie announced that an ex VP of Goldman Sachs was named to head some new bureaucratic office to stabilize the markets. I have two problems with this:
1. Wasn’t the investment bankers that got us in this mess? Why would then we tap those guys to save the… (Read the rest of this article at the following article source link for the full story)
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