I'm 100%certain of it too. AAPL is it's own index now. The Fed loves using AAPL to hide money they print above and beyond QE. Today they drained some and look where the indexes went. $50 billion went in to AAPL in a little over a week, QE is nothing compared to the money the Fed puts in to stocks.
No, the Fed will double QE then. The better it supposedly gets the more they will print. Every year they said the economy is improving and every year they increased QE. The Fed is the only one putting fresh money in to the markets, period. No one can absorb $1T a year in fresh US debt and plow money in to stocks. A $14 trillion economy doesn't generate that much free cash flow a year. The Fed has to keep doing QE or EVERYTHING collapses! The more debt we have, the more they need to print! Look at Japan, 20 years of QE and it gets bigger each time.
We should be proud America! We hired 175k people to slave at retail stores for minimum wage so you can go shopping on Thanksgiving. They get to work for peanuts because they have no other opportunities other than food stamps or welfare. If they even get 40 hours of work, they make $290/week gross pay. Be proud of these fantastic jobs selling garbage made in China so some corporation can get rich. It's all financed of course because no one has any cash but the Fed is happy to print money to keep the Ponzi going. China thanks you for the jobs and the dollars. Eventually we will all be working for minimum wage unless of course we are one of the lucky chosen ones who works on Wall Street, in that case you are worth no less than $10 million a year, most are deserving of far more than that for all the hard work they do feeding of the Fed's teet and pretending to be investment banks. They use all that money from the Fed for their own account, not a penny ever went in to the economy. Imagine having $85 billion a month just handed to you to play in the stock market knowing more will come next month. You can never be wrong and you get to keep it all for yourself!
Were the Fed and Treasury directly in control of the markets and actively participating in them? I know, some on here say it ain't so but I guess the fact that the US government owns/owned AIG, C, FRE, FNM, GM and god knows what else doesn't count nor do the Fed's special purpose vehicles nor the direct purchasing of bonds and mortgage securities not to mention their activities in currency markets. They manipulate every market except stocks, right?
Only since 2009 when the Fed and Treasury took over the markets and gave Wall Street the winning numbers in advance. No expertise or luck required when you know in advance what the outcome will be.
See, it's all going to plan, following the same pattern they always use on days like this. Did you buy in to that little dip like you were supposed to? All rigged to perfection on yet another phony jobs report when all week it was doom and gloom because the Fed might taper. Today it is all peaches and cream because they wiped out puts once again.
Just watch how the game in options plays out toward the close. You better sell your calls now if you have them.
All part of the government plan. There is no more free market, everything is centrally planned. Welcome to the new world order where reality is distorted and your nation that is supposed to be about freedom and democracy suspends all your rights under the Patriot Act and uses your tax dollars to spy on you. Please tell me the difference between the USA today and the former Soviet Union.
Who are they going to unload on? Workers making $7.25 an hour? The unemployed? People on Welfare? Can you buy stocks with food stamps? Now there is a huge potential market, get the 50 million on food stamps to buy stocks instead of food! Yeah, that's the ticket, the next leg up in this bull market will come from the poor investing their welfare checks and food stamps in stocks!
Right, I hear there is $85 billion a month and then some of fresh cash on the sidelines.
To destroy put premiums because that is where the money is. These J's can take the market where they want to grab the most cash for themselves. Why would anyone own puts going in to a Friday when every Friday this year has been up?
Watch how this market tanks. A gap in futures only invites selling. What idiot buys today at higher prices when you could have had all you want yesterday much lower? The Fed will taper and if the numbers get any hotter they will tighten!
175k "service" jobs. Just temporary workers in retail. Come January they are all gone.