The stock market is being artifically propped up right now by the US gov buying futures.
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And lo and behold! The magical rally materialized, led by none other than the large banks such as Wells Fargo. I must admit that the market has a way of squashing one’s ego, but the "I don’t care what I pay for futures in the face of incredibly lousy economic statistics" has become a bit insulting of late. I could go on and on and tell you who I think it is buying these futures without a fear of loss, but I shall leave it up to your imagination who I feel it might be (Hint: Who is spending other people's money and doesn’t have to answer to anyone or have a ‘P & L'?).
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It collapses whenever the gov wants.