CNBC saves the weekend … smells like manipulation
U.S. market action is becoming ridiculous … if you thought, this happens only in the 3rd World, read on 
Every(!) fundamental indicator shows it and every objective newswatcher knows, that we ARE IN RECESSION mode … everybody knows, that we ARE IN A CREDITCRUNCH, everybody knows, that STAGFLATION LOOMS …
SO 
how do you hold markets up?
First you let them get the bad news … they sell … even go short … YOU, the MANIPULATOR buys … then you create positive rumours … let them cover and sell the rallye … YOU, the MANIPULATOR even can go short … YOU know, that market will come off again … FUNNY? Look at this week’s (and this was no exception) market action … THIS IS THE TRUTH …
Today … CNBC reported, that downgrades on bond insurers are IMMINENT … markets got the message and sold off … Merill Lynch downgraded some financials … as all financials downgrade each other seemingly every day …
BUT … on a FRIDAY afternoon … CNBC reports SHORTLY before the close, that a BAILOUT on AMBAC is IMMINENT … Monday or Tuesday Or never?
Especially CNBC’s Mr Gasparino often pretends to KNOW and many times he only shows, why he only has a job as a talking head and did not make it to a “real job” ENVY Gasparino …
At least he thinks, that he is a George Clooney like looking wise guy … Good luck …
I just call it MARKET MANIPULATION!!!
Tags: Ambac, bond insurers, CNBC, manipulation
Februar 22nd, 2008 at 23:57
You are absolutely right.
That is exactly what they are doing.
Februar 23rd, 2008 at 06:12
The daily market swings over the last several months certainly look like manipulation. I suspect several large banks have written software programs to exploit the volatility and likely reactions to news.
Riding bad news down guarantees the drop. Then the programs hop off and ride the daily rally caused in part by cheap money loking for a home, and in part by the end of their selling pressure.
Februar 23rd, 2008 at 08:18
So here’s what’s strange. The news is AMBAC is going to get bailed out. It’s stock goes up 16%. OK, that makes sense. Now tell me why the entire Dow 30, S&P 500, Nasdaq, and pretty much the whole market across all sectors went up together. That makes sense? I don’t think so.
Februar 23rd, 2008 at 21:52
The swings as you call them, guarantee the people WHO KNOW the news profit … this market is RIGGED … the situation is that BAD, that some people have to hold it up as they know the consequences, if they don’t.
The shortcovering set in as the bond insurer problem is the BIGGEST visible problem. If we get the deserved DOWNGRADES, this market will tank. It openes the flood gates … this is why they DELAY these decisions.
So to me the only strange thing is, that EVERYBODY knows it, but nobody SELLS … why? Everybody sits in the same boat … nobody wants to be the one who dies first …
only PATIENCE will pay