Friday, February 5, 2010

Would you agree the Dow Jones November support break was manipulated by false rumors of bank nationalization?

Currently, the stock market is priced waaaaay below it's valuations.......even the financials. And what we have is fear/emotion controlling it. See humans are fixed in believing what they hear from the media...instead of forming their own opinions and using fundamentals. A perfect example is the current banks Citigroup and Bank of America...we haven't trusted these firms for the past six months....so consequently their stock and their peers have significantly taken a hit ...as people pulled out and short sellers moved in....yet this tuesday we heard what we would perceive as good news from the same people we haven't trusted all this time....calling them crooks/etc....and all of a sudden we are ready to flood the gates and jump into the financials. If we only kept the mentality that: things aren't as good as they perceive to be....or bad as they perceive to be....we would be better off and soooo would the true valuations of these companies. As far as nationalization....these two companies are far too large to be taken over.....Citigroup is located in 200 counttries and has 2 million accounts....the involvement globally would cause conflict as countries would be hesitate to deal with the givernment running these firms. Soooo nationalization was only media produced...not realistic.Would you agree the Dow Jones November support break was manipulated by false rumors of bank nationalization?
I agree that we are being manipulated right now.


Citi and JPM are doing some clever accounting that is showing profits.


Someday - this will come back to bite them.


/Would you agree the Dow Jones November support break was manipulated by false rumors of bank nationalization?
The Stock Market is rigged just like a roulette wheel in a casino. We, are (were) merely players, (gamblers)

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