Pump It Up !

The U.S. and other governments promised the banks the universe- “unlimited” funding ! this “pumped up” the stock market to soar over 900 points- and who is smiling ? The day traders- the market makers, because they are going to cash in and transfer those billions of stock market short trade profits right into their pockets. Now, why did the stock market go that high ? In our opinion it over-shot the anticipated bump of 300-500 points. This author’s inside sources report that governments- over the weekend, brow beat many influencial fund managers to “buy” into the market on Monday to help the rally gain momentum. It did, for now. But the short term traders and day traders are going to cash in big by selling tomorrow or the next day and pocket huge windfalls, continuing the wild gyrations of the stock market.
As more bad economic news, unemployment numbers, sales shortfalls, and more banks announce that they are tapping into the government bail out money, we will continue to have downward pressure on the stock market. As LNR stated before, the Government needs to address the property market crash before seeing any long term stability in banking.