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The strength of the DOW and stock markets in general have amazed me over the last few months. The one short I have is getting murdered. The DOW has risen on very low volumn (which is now increasing) and often, in the last fifteen minutes it goes from being negative to positive: may be this is the Pluge Protection Team, POMO or simply futures, who knows. Whatever the reason the bulls seem to be winning this game, but maybe this will reverse once the Mid Terms are over.
It seems that everyone who thinks that the market should fall but does not says 'the markets will win out in the end'. I wonder at this. Is it possible that these so called markets can be endlessly manipulated? Earnings always seem to come in one cent above estimated or some other clever accounting trick is used.
I would be interested in what other people think. Are the markets no longer homogeneous but simply another manipulated entity?
It seems that everyone who thinks that the market should fall but does not says 'the markets will win out in the end'. I wonder at this. Is it possible that these so called markets can be endlessly manipulated? Earnings always seem to come in one cent above estimated or some other clever accounting trick is used.
I would be interested in what other people think. Are the markets no longer homogeneous but simply another manipulated entity?