I was right to suspect "someone" was intervening with the markets near the close today.
I watched the markets trickling down, pretty steadily, from +30 to -40 over a period of 45 minutes, then abruptly rocket up in 3 or 4 minutes to +85. As it began trickling down again, more obviously unnatural surges came, bringing the Dow out of the "negative" danger area time and again.
Folks in DC obviously knew what tonight's S&P news was going to be. They didn't want it to also be coupled with another negative day on the Dow - which would have been a psychological double-whammy come Monday.
Monday morning is still going to be U-G-L-Y. Things have to change in our country now. The old way no longer works. From now on, a rising debt will come at a tangible cost. Voters can relate to higher taxes. And they can relate to higher prices.
Everything is now different.
And I say, GOOD.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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