How "managed" are the US markets?
Any market that "rallies" on the coming catastrophe in Texas...is highly suspect. But, the US markets have been suspect for a long, long time now.
MY HUNCH IS THAT DOW 10,000 IS A LEVY THAT CAN NOT BE BREACHED...
Any plunge below 10,000 would releast the Fed Shills and Market Masters from any obligation to "stand in front of a runaway train" and stop a market freefall. Indeed, I suspect that many sell orders are already in place at Dow 9,999!
Truth be told this market "deserves" to be at Dow 6000 or less! Nothing is being done about the US "deficits" which are now so far out of control that no one is even talking about them any more...but they will...they always do.
THE CURRENT "LEVITATION" IS STRICKLY A PRODUCT OF THE STREET, WASHINGTON AND THE FED ATTEMPTING TO MAINTAIN THE ENTIRE BASIS OF THE US ECONOMY...NAMELY AN ABILITY TO MAINTAIN PERPETUAL ASSET BUBBLES...!
My hunch is that once the full magnitude of the catastropes in BOTH GULFS...(middle eastern and the American South) is know AND FULLY DIGESTED...the markets will break.
THE BUBBLE DAZE WILL FINALLY BE OVER...THEN A NEW DAWN WILL ARISE. A NEW ECONOMIC WORLD ORDER WILL BE QUICKLY ESTABLISHED WITH THE US TAKING IT'S "RIGHTFUL" PLACE BEHIND CHINA, INDIA AND THE OTHER EASTERN ECONOMIC GIANTS...
LET'S CALL IT THE COMING "END OF DAZE...?"
