For sure...if this type of action (which follows Ben's public comments to attempt false confidence) doesn't cement in people's minds the manipulation that occurs in what has now become a false market, false economy with massaged reporting of all stats and numbers, then they are blind and/or fools. Things are not what they seem.
I agree. Im in my early 30s. I'm not a bear or a short. I am a long term investor. However, things seem as if we never had an economic crisis. I like to think that everything is artificially inflated. I bout 200 shares of AXP at 20. Yes, I am mad I didn't buy at 9 but I thought the market was going to go lower. Dont time the market is the lesson I guess. But come on, this stock is at 34 and I've made a profit. TOo much crap coming out of Washington saying the recession is over, etc. Well unemployment will increase, there is a hell of a lot of debt.
And are you kidding me. A company like BAC is at the price its at. Based on what? That thing should be back down around 5 or 6.
All it did was cause average people to lose jobs, homes and half their investments. Sadly the Government with all its direct and indirect program bailed the financials out as if it doesn't matter that the rest of us got royally screwed. The kicker is that we get to pay for it for the next decade or two and all the financial folks get to live large again starting now.