Yes, I literally meant what I said in the Title. Has anyone observed the market oscillation again?? Again, sounds familiar right? Dow Jones took a deep dive yesterday, some where in the rough numbers of 220 points to great come back today. So what's driving the leader boards here and why did it drop yesterday? Ah! May be the news from China increasing the interest rate to Bank of America (World's largest bank) showing a loss of another 7 Billion US $, what the hell? Hello all, there is a good news today and it started rallying and closed in a positive 129 points up after Fed reported "modest sign of growth".
You read it right.."modest sign of growth" what does this even mean to a Average American who is struggling to get a job and make a living. Then comes living the American Dream. With the Democrats and Republicans both trying to manipulate the minds of Average people to get the votes for November election and the newly born massive Tea Party movement rather let's call Extremist ideas Movement rising to the occasion and taking the country back to Civil War Era..Job reports still say there is no real positive improvement, the unemployment rates continue to stare at 10% + every time with Wall Street Monsters still making the huge bonuses and the inflation remains unchanged for past two months? With the economist concerns of, "are are we heading towards Deflation"? All the history Lesson Ben Bernanke gave to Japan is returning back striking hard on the face of U.S.
The Country of Rich & Innovative minds has been in deep trouble with no silver lining in the Horizon. And the buzz word of the day "putback", the new word that got introduced in the Finance Vocabulary Yesterday after the market dive..Seriously try finding this word in Investopedia, you will have no results. The new buzz word started by the World's largest bank yesterday after announcing the results. Is Washington going to escalate the fiasco like it did for CDO's to Mortage Back Securities which almost brought the World Economies to a screeching halt (may be not so much of China, they have their own plan of Manipulating the currency)..Goodness.. God Bless America.
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