this was posted the other day by an accute thinker..i laughed my ass off because it's true
this is funny but true..
MANIPULATION:
Through the brokerage houses Through the specialists Through the analysts Through the media Through the funds
DOW falling? No problem. Upgrade a component. (no matter that it's already been upgraded or had a 10% run) Gap it up. Talk it up on CNBC every 30 minutes. Get GS to buy a few hundred thousand shares. Buy enough to keep it above the 20 SMA whenever it touches it. Do this until close. Repeat.
Doubters?
Watch CNBC tomorrow morning. (It's no coincidence that CNBC is owned by DOW component GE) There will be good news on at least three DOW components. Three seems to be the magic number to keep the average positive. I'd guess tomorrow it will be INTC, MSFT and VZ.
Today CAT was gapped open on no news. It went vertical and then fell for the rest of the day but the opening momentum held the DOW positive. MCD was reported to have a plan for China - nevermind that these plans are old. MO and MMM were given positive valuation mentions. The CEO of DD was on Squawk Box to pump his company. Today the spin machine was in full swing.
It's the continual cycle. Whenever the market is shaken, the street talks up 3 DOW components.
Jim Cramer has also been recruited into the cause. Watch him at 3:30 on "Stop Trading". He will always recommend at least ONE DOW stock, and sometimes multiple, depending on how bad the market needs it. If he doesn't get to it fast enough, Dylan Ratigan is there to remind him. Cramer will also pump DOW stocks on his "MAD MONEY" show. He is mainly responsible for the BIG run up in CAT.
Why the DOW? Because it only has 30 stocks and it's much easier to manipulate. With this computerized market, where indiscriminate buying happens purely on momentum, all that matters is to get SOMETHING moving. That's why most traders don't give a damn about what the DOW is doing. As long as the market moves. If you truly want to see the pulse of the market, watch the NYSE Composite. It's what most of the floor traders watch.
Blow blow that hot hot air boyz..lol
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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