As the Dow was down over 100 points during the trading day, in response to the approved bail out of Ireland. We seemed to have a change of heart by investors as most of the losses were gained back by market close.
QE2 to the rescue!
When the market plunges, who ya gonna call?
The Plunge Protection Team!
Another job well done as the smoke and mirrors set today were better than the movie set of Bruce Lees, Enter The Dragon!
I apologize to the readers of this site, as I can not find the link to the information source of where the money came from to bring the market back yesterday. I encourage you to research it and find out for yourselves how may billions of dollars were injected in to bonds and other investment types yesterday to bring the market back above 11000. We promise to post the link to the official statment information regarding this fact we have mentioned, as soon as we locate it again. The amount of research that goes in to this site is immense, with twelve plus windows open at any given time, articles, updates and links are closed without saving sometimes.
The fact that some of the QE2 money was used to make sure the market stayed above 11000 while it was “plunging” over 110 points due to another bail out across the globe does not sit well with individuals that realize what’s going on.
If you do not have at least 10% of your portfolio in precious metals yet, we encourage you to complete the form to your right for a free consultation about the proper diversification with gold, silver and other precious metals.