Monday, May 25, 2009
The Market is Rigged: Another Analyst
With 2 minutes 30 seconds remaining in the video, Dan Shaffer, President of Shaffer Asset Management, gives shocking evidence of direct government intervention in the stock market:
“Something strange happened during the last 7 or 8 weeks. Doreen you probably can concur on this -- there was a power underneath the market that kept holding it up and trading the futures. I watch the futures every day and every tick, and a tremendous amount of volume came in a several points during the last few weeks, when the market was just about ready to break, and it shot right up again. Usually toward the end of the day – it happened a week ago Friday, at 7 minutes to 4 o’clock, almost 100,000 S&P futures contracts were traded, and then in the last 5 minutes, up to 4 o’clock, another 100,000 contracts were traded, and lifted the Dow from being down 18 to up over 44 or 50 points in 7 minutes. That is 10 to 20 billion dollars to be able to move the market in such a way. Who has that kind of money to move this market?
On top of that, the market has rallied up during the stress test uncertainty and moved the bank stocks up, and the bank stocks issued secondaries – they issues stock – they raised capital into this rally. It was perfect text book setup of controlling the markets – now that the stock has been issued…” [interrupted by Richard Suttmeier].
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The banksters are propping things up just a little longer so their criminal buddies can get themselves set up perfectly to benefit from the coming brutal crash. The longer they can extend the fake economy, the worse the crash and the greater their profits. It doesn't cost them anything to continue the fraud since they are just printing worthless notes.
ReplyDeleteThey will all be short + buying up everything at pennies on the dollar. Fish in a barrel.
There are two types of investors: BULLS - Suckers who are addicted to gambling and will believe anything for a "green arrow", and BEARS - Realist that know what's going on underneath, and know that this entire market has been controlled by the Government for years!
ReplyDeleteHey! Mr. Economic Analyst, don't know if you read or posted this article yet, but, it is MASSIVE IN IMPORTANCE!
ReplyDeletehttp://www.telegraph.co.uk/finance/financetopics/financialcrisis/5379285/China-warns-Federal-Reserve-over-printing-money.html
http://www.whatdoesitmean.com/index1236.htm
http://pencildicksvstheworld.blogspot.com/
Hi Golden Nugget yes that was posted 2 days ago, under "Time is Running Out"
ReplyDeleteI have long been saying that this current market rally is a false one being perpetrated by the economic powers that be to uphold the appearance of economic okie-dokie-ness until later this summer when the plug will be pulled, most likely to coincide with some kind of terrorist attack upon the country.
ReplyDeleteOr outbreak of more war or a nuclear attack.
ReplyDeleteWith 2 minutes 30 seconds remaining in the video, Dan Shaffer, President of Shaffer Asset Management, gives shocking evidence of direct government intervention in the stock market:
ReplyDeletesummer throws for couch
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