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Reply #2: The reason for the drop [View All]

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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-17-09 12:06 PM
Response to Original message
2. The reason for the drop
is that the rise off the bottom was powered by nothing more than media hype and direct government/Fed intervention at a rate that cannot possibly be sustained without risking the total destruction of the dollar.

The fundamentals suck. Unemployment, spending, earnings, debt levels, foreclosures, open and blatant accounting fraud... none of this justified the rise off the bottom. While some of the rise may have been due to simple market mechanics, most of it was due to blatant falsehoods being pumped out at a dizzying pace, all with the aim of getting you, the little guy, to put his money back in so they could steal it once more.
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