Overnight, markets in Asia dropped 2%. European markets are down 1%. Oil surged over $96 per barrel. Three days ago it was $85 a barrel. The world is erupting in flames and bloodshed.
The US stock market will open down 100 points or so. Then miraculously, somehow buyers will appear out of nowhere. The market will turn upwards. By midday it will be back to breakeven. At 3:30 a buy order will be placed that makes the market finish up 30 points. All will be well on Wall Street.
I can assure you that members of the Federal Reserve were on the phone yesterday with Timmy Geithner, Jamie Dimon, Ken Lewis, Lloyd Blankfein and Vikrim Pandit to decide on the plan of action today in the markets. The Federal Reserve will provide the billions and the Wall Street criminal banks will put it to good use today.
The average joe is out of these markets. Only high frequency trading supercomputers are trading stocks. A rising stock market benefits only the top 10% of the population, with a huge portion going to the top 1%. The games being played by these criminals will come back to haunt them, when the masses are broke, hungry and looking for someone to blame.