Personally, I don’t want financial Armegeddon or wish ruin upon anyone that doesn’t deserve it from their own foolishness or greed. But there is something obviously wrong with the market action these last couple of days. Let’s take Thursday, for example. Markets all over the world tanked big time. The US market was heavily down until the last hour of trade. Then, magically it recovered to almost flat line. There was definitely some intervention. Carry trades are unwinding like crazy, the asian markets crash even more on Friday, and what does our market do? Something stinks on Wall St. Again, I’m not wishing for the world to come to an end, but I do feel that markets should be allowed to run their course without artificial respiration. It’s only going to make the inevitable outcome that much more painful.
