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Thursday, August 27, 2015

Current Events-Markets

http://www.usatoday.com/story/money/markets/2015/08/27/dow-rebound-gains-speed--wall-street--fear-subsides/32466145/

Stocks surged again Thursday as Wall Street builds on the Dow's historic rally Wednesday as order is restored to the U.S. stock market following its first dip into correction territory in four years.

Stock Market volatility is akin to a car fishtailing. Sooner or later, it will crash.

Also:

Also driving the bullish price action today on Wall Street was "news that the Chinese government was directly buying equities in addition to making liquidity injections into the banking system," according to a report from Bespoke Investment Group. The government support helped the Shanghai composite index reverse losses late in the day and finish up more than 5%.

So the Chinese govt is pumping money directly into their markets. I wonder if the US govt does the same...

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