Feds Manipulating the Stock Market?
Someone else, Yves, has questioned this publicly first, however, with the way the stock market trading has been going, last week or the week before I was having a private conversation with a friend about how rigged the market had looked to me over a few days of trading. It seemed that in the very last couple minutes of trading there was a whole bunch of buying that changed the day from being an all day down day to a positive day.
The first day I noticed it was a very "critical" day in terms of definitions. On that day without those last couple minutes pushing the market up it would have closed 20% and you'd have had an official definition of a bear market. It simply looked like someone was trying to prevent the markets from reaching that 20% down and the "It's Official, We're in a Bear" headlines.
And the markets had that end of the day buying a few days in a row. And this was on very bad news days. It simply looked very rigged to me.