There has also been suspicious "propping up" of the stock market during the last half hour or hour of the day. Whoever is doing this (most likely the Federal Reserve or Plunge Protection team) must have a lot of money to move the markets.
Wednesday, June 10, 2009
10 Year Bond @ 4%. US Dollar and massive buying pushing the markets higher
The 10 year bond hit 4% today, doubling in only 6 months. This is a complete negative for the economy, since it will limit growth and mortgage applications. Meanwhile, the United States dollar continues to weaken, pushing the stock markets higher and making commodity prices rise.
There has also been suspicious "propping up" of the stock market during the last half hour or hour of the day. Whoever is doing this (most likely the Federal Reserve or Plunge Protection team) must have a lot of money to move the markets.
There has also been suspicious "propping up" of the stock market during the last half hour or hour of the day. Whoever is doing this (most likely the Federal Reserve or Plunge Protection team) must have a lot of money to move the markets.
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