You successfully added to your cart! You can either continue shopping, or checkout now if you'd like.
Note: If you'd like to continue shopping, you can always access your cart from the icon at the upper-right of every page.
Quantity:
You successfully added to your cart! You can either continue shopping, or checkout now if you'd like.
Note: If you'd like to continue shopping, you can always access your cart from the icon at the upper-right of every page.
The rise in the Dow in the midst of bad news makes no sense unless you understand the role of the so-called "Plunge Protection Team" established in 1988 by Executive Order under President Reagan. It was established in the wake of the October 1987 market collapse to make sure this never happens again.
For example, in today's news the AOL Financial section ran the headline: Fed Officials Expect Long Economic Rut. It is a report taken from the minutes of the Fed's recent meeting.
http://money.aol.com/news/articles/_a/bbdp/fed-officials-expect-long-economic-rut/295829
So did the Dow fall? No, it rose. The explanation? None, really, other than the markets "shrugged it off." A second AOL news report right under this ran the headline: Stocks Finish Moderately Higher on Fed Minutes. One would almost think that the Fed's minutes showed GOOD NEWS.
http://money.aol.com/marketnews
A third article was about Alcoa laying off 13,500 people. Certainly, the Dow did not rise on that news. So why did the market rise when it should have plunged? And why does this sort of thing happen so much? Why are the markets not down below 8,000? I have no doubt that it is due to the Plunge Protection Team that is pouring money into the stock market in order to prop them up artificially.
Note the article below, written May 12, 2004. This was three years before the mortgage crisis emerged in the summer of 2007. The article not only gives the Executive Order establishing the PPT, but also warns of the financial bubble that was soon to break.
http://worldvisionportal.org/wvpforum/viewtopic.php?t=204
When financial markets are manipulated by government action, stock traders only have to know what the government is going to do in order to have a successful trading strategy. It has less and less to do with the fundamentals of the economy or what you know about finance. It is becoming more and more of a political game that is being played with our money.
This game cannot last forever, simply because it is artificial by nature. It is an economic drug, which treats symptoms but does not cure the underlying disease. But we will always suffer from side effects.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
We are only able to do what we do because of your support. If you feel led to support this ministry, we deeply appreciate it
