Turns out just about EVERYTHING they taught me in school about "how the world works" what pure bologna.
First, I was surprised to learn that our stock markets are, and by law will be manipulated. The plunge protection team is hard at work saving the DJIA & S&P from it's natural state these days. Ever heard of the PPT, aka the Plunge Protection Team?
And of course if you only take BUY orders the market goes up:
"If this was purely electronic, it could have been down 1,200 or 1,300 [points] on the Dow," Bernie McSherry, a senior vice president with Cuttone & Co., the largest independent floor operator at the NYSE, told the news service.
You can't make this stuff up... But I guess we should be glad. Otherwise I'd be stocking up on toilet paper and beans right about now.
