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June 25, 2009, The FED Bernanke motive for the 60min TV show credibility
We often see the EOM/EOQ has up-side bias with the financial report window-dressing manipulation.
Markets are extremely manipulated because Bernanke thinks that it is his credibility on the line since he chose to get on the 60min TV show.
Those who know the real financial market condition would be more astonished by the manipulation, but those who do not know the reality would be happy to see gains on the Quarterly statement. That is what Bernanke is aiming at to give false hope and a sense of approval.
Also, the OB credibility to sustain hope even though it is based on the false
hope spending debt economy. So, we are seeing more manipulated markets because
of the prime motives noted above. Of course, it is my opinion considering other
factors beside market price actions even though you have a tendency to disregard
the factors which I noted.
June 22, 2009, Market Correction going into the FOMC meeting
June 19, 2009, Markets closing at pivots going into the FOMC meeting