General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMarket Manipulation
Are billionaires and institutional investors or the government itself, propping up the stock market?
* Every major economic indicator is negative
* VIX is over 30
* Oil is over $100
* We are on the verge of ground war in Iran
* Al companies are hanging on by a thread
What could possibly be keeping the Dow in a positive position? I can only believe it's extensive and costly market manipulation but if so, how much longer can they keep it up?
jmbar2
(7,982 posts)The market is almost entirely driven by tweets and oil price right now. Volume is thinner than average - fewer participants willing to engage under these conditions. Traders are closely plugged into Fed speakers today, and Leavitt's new conference for anything that may affect oil prices.
It's very clear that insiders know about major announcements ahead of time. It is visible on the orders when they start loading up. All the short-term traders are glued to these clues.
gab13by13
(32,295 posts)the invisible hand of the market.
The #1 economic number that Krasnov is concerned about, is the price of crude oil. He can't lie about that, Magats need to fill up their pickup trucks.
I agree with what you are saying. I believe that Big Oil is keeping gasoline and diesel prices lower than they should be. Krasnov gave away the store to the fossil fuel industry and now he wants them to take care of him.
If gasoline and diesel were $6.00 and $8.00/gal the market would crater. Boots on the ground in Iran should get us close to the market crashing, but who knows, maybe just a calming word from Krasnov will keep it from falling.
Also, the wild card is the Houthis, if they start disrupting ships at the Bab-al-Mandeb strait many economies will crash.