Is Uncle Sam Manipulating the Equity Markets?
Posted by Larry Doyle on July 1, 2009 8:41 PM |
I have been increasingly suspicious of the price action in our equity markets over the last few months. I have highlighted how the markets are dominated by technical flows rather than fundamental analysis.
My jaw dropped upon watching a Bloomberg interview yesterday in which Joe Saluzzi of Themis Trading left nothing to the imagination. Please take the time to watch this clip and ponder exactly what Mr. Saluzzi is sharing. The entire video is outstanding but it gets very interesting at the 4:20 mark. Compare his assertions with the points I have raised in my aforementioned posts. (Hat tip to Zero Hedge for locating the video.)
The risks of playing in these markets remain extraordinarily high.