fed has taken over complete control. The tape goes wherever they want it to. Why do you not get that you are playing in a rigged market? Did you not watch 60 minutes this past week? Do you not read the articles that are pointing this out everywhere? Does the market constantly going up no matter what not register that its rigged? They know nobody wants to go long and everybody is going short, so in the short term, they are killing them. But reality will hit eventually. It always dfoes. But it could be months.
The manipulation is killing this country. Higher fuel prices alone are going to crush any recovery let alone the food costs, taxes, etc. Wages are not inflating to cover rising costs. Higher comodity costs will crush future profits as people reject higher prices on retail items.
And what do you think is going to happen with housing and forclosure moratorium? With 25% of the dismal sales numbers just being taken off the market volume will plummet. Prices are going to plummett, again. We have started round two of the plunge.