At what point will people come to the realization that the stock market, bond market and precious metals exchanges are being manipulated? The NYSE is reaching new highs daily on bad economic news. I would have expected all bank stocks to drop based on the probabilities of bank runs and bail ins. The news that Obama is salivating over confiscating taxing people’s retirement accounts should have been another sign for people to get out of the 1’s and 0’s.
I guess people still want to believe.
David DeGerolamo
Dow Jones At New All Time Highs – Here’s Why
Curious why the Dow Jones Industrial Average just hit new all time highs? Here’s a partial list of recent economic events:
- Markit US PMI Miss
- ISM Manufacturing Miss
- ISM New York Miss
- Vehicle Sales Miss
- ADP Employment Miss
- ISM Services Miss
- Challenger Job Cuts Miss
- Initial Claims Miss
- Trade Balance Beat
- Non-Farm Payrolls Miss
- Hourly Earnings Miss
- NFIB Small Business Miss
- Wholesale Inventories Miss
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