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Originally posted by NGC2736
Just curious why this is going in such an unexpected direction.
Originally posted by pluckynoonez
reply to post by NGC2736
It means this roller-coaster ride is not over. Not over, by a long shot! (My cliche-line of the day.)
Originally posted by NGC2736
Just curious why this is going in such an unexpected direction.
Originally posted by gottago
reply to post by NGC2736
You didn't have the vast scale of the market in '29 as you have today; so volatility was much stronger, and you also didn't have the unseen hand of gov't and huge institutional investors acting to stabilize markets.
I'm highly suspect of any market falling nearly 800 points one day, only to rebound by over half that the next. This to me screams secret market intervention. You can be sure the FED and the other central banks are moving massive amounts of credit to support stocks and keep these market runs at bay. None of it is (relatively) new. But it was unheard of in '29, and that's why you had the steep plummet. Today we have market life-support--but it's still in the trauma unit.