IS THIS IT???????????????

 

humor

 

RICHARD RUSSELL ON MANIPULATION

“Where did that very late buying come from? I have to think this was one of the most flagrant cases of manipulation that I have ever seen. Was it the Fed, was it Goldman or Morgan Stanley buying futures on orders from the Fed? The final closing of the Dow on Friday was so flagrant, so staged, that I was convinced that it was manipulation. It's finally happening. You can't trust the Dow closing around critical levels. Buyers came in "from nowhere" to lift the Dow a final 15 points.

If I'm correct about the manipulation, it shows how desperate certain interests are to keep the market "appearing bullish." In the end, however, the market's going to do what it's fated to do, with or without manipulation. The whole action of the Dow at the close of the Friday session left me with a "bad taste" in my mouth. Does this mean that I can't even trust the market closings any more?

The coming week's action will be most significant. It will show us whether the Dow rally above 10725 was legitimate or not. I'm fascinated to find out.

Question -- Russell, even if you are correct, and it was manipulation, how would the "manipulators" know what level to protect? How would they know that Dow 10725 was a critical level?

Answer -- Believe me, they would know. If nothing else, they would know from reading my sites. All the big outfits subscribe to Dow Theory Letters, Goldman, Morgan Stanley, leading hedge funds, the Bank of China, Merrill, etc. There are no secrets on Wall Street. The street is a hotbed of gossip and tips and "inside information." Everybody on Wall Street knows everyone else.

The Fed has thousands of employees. What do all these yo-yos do all day. There's probably a "gossip section" at the Fed, but we'll never know, because the Fed refuses to be audited. The nerve of these bastards. I say audit them and see what they're doing with their money and just who they give their money to and why”.

A NICE OF OVERVIEW OF WHO THE PLAYERS ARE THROUGH THE AGES