Manipulation? That's all nonsense. Just because nothing but bad news comes out and the Dow sells off within 30 minutes down 100, but suddenly shoots up to almost positive in 2 minutes, you shouldn't believe anything is wrong. Whoever did that must have realized, oops, nobody put a positive spin on the news, the Dow slowly started selling back off and then it seemed like someone realized a mistake, then pluuuuunge, back down in about 2 minutes over 100 points again. I didn't think that was suspicious at all. Just some buyers and sellers on what I thought was a low volume week.

The banks asked for government help. Today the Dow was down over 170 points but a double inverse fund was down as well, SKF. I think the banks did get help. Either that or I have a friend on the PPT because I sold it yesterday. I wonder how you get on that team? Maybe you have to be a former worker for the old Iraq minister of information department. American convoys only a few miles away and a public statement issued "there are no American troops anywhere on Iraqi soil." They could be working right now calculating the rate of inflation in the US and giving public statements.
Maybe I can start a rumour that there is a weather manipulation team as well. They can steer hurricanes in different directions or tear them up quite a bit. Gustav must be giving them trouble. Hit land twice and been torn up but keeps reforming. I suggest they steer it towards western Texas or Mexico. (No harm intended if you live there.) It seems to be messing up someone's market manipulation in my opinion driving up the price of oil.

Palin seems to be in touch with and right out of middle class America unlike all the other candidates who only have memories at best. I'm happy with McCain's choice and hopefully if he is elected, she'll keep him in line and aware of the issues facing the middle class.

I'm wondering how many days the buying will continue before the bottom drops out. Anyone have price projections for XLF or SKF if SPX goes up to 1348 or DJIA goes to 12,000, or 12,211?

Maybe Marketwatch should encourage me to describe local conditions. There is not a single house for sale anymore on my street or neigborhood. It is a small neighborhood though and house prices are going up here. I'm very busy at work as well.

I hope the government is happy. I was distracted today. Oil down with what appears to be a big hurricane heading towards the oil fields in the gulf, my stop loss kicked in. Market should rally for a week with so much good news. Maybe if the government starts talking about how much extra tax we'll end up paying with cap and trade environmental laws on the way no matter who wins the election and extra tax we'll pay to fix social security, etc. etc. the market should rally for a whole week. It can't get much better than this.

I found another interesting article related to this topic. It's called "Nobel prize winners warn financial system is still not out of the woods"

link
http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=A1YourView&xml=
/money/2008/08/22/cnnoble122.xml
I put the link on two lines.
or just use
http://tinyurl.com/58y72n


Included among the top nobel prize economists and a former White House Economic Advisor is Joseph Stiglitz. He stated the crisis would cost the US $1.5 trillion over the next 3 years. However that does not include what the credit crunch will cost the rest of the world since the credit crunch is spreading to Europe and around the world.
Information obtained from the link above.