Fear is an extremely powerful force that can easily be manipulated by a few powerful monsters with their own sinister agendas.
Perception is reality when it comes to short-term market movements, and it looks to me that right now, some traders and investors are letting their imaginations get the best of them.
So, who's manipulating whom? Some say the Fed manipulates the markets. But, I say the markets manipulate the Fed.
ReplyDeleteThe S&P 500 lost 30 points (2.25%) today, after the Fed didn't give investors what they were expecting. And what forces could cause indirect collusion and precipitate such an event?
Goldman Short Call on S&P Trips Up Market