Tuesday, October 11, 2011
How The Occupy Wall Street Protest will affect the markets
The protest will mean that the power of The Fed's programs will be greatly diminished in the intermediate term. It would be foolish to attempt any market support at these levels and in this environment. The smart politicians are beginning to abandon their ties with the bankers. It is quite possible that a "too big to fail" institution will be hung out to dry as an example and a sacrificial offering to the 99%. The "short squeeze is about out of steam" and we will see new lower prices. Any attempt to prop up the markets would be a "spark" for more protests. Expect the markets to be allowed to "trade freely" in here. If they do........Dow 10,000 is sure to be hit. The Hammer is comming.