May

31

Chatting with a friend of mine today who contends that the big boys keep the DOW at 10 to keep the fray from pulling money out of the Market?

Scott Brooks writes:

Who are these "big boys"?

Why do they care if the market is supported at 10k (maybe they've got some options they need to protect)?

If they know they need to support the market to keep it 10k, why not just * not* support the market, let it go down and profit from shorts/puts/selling calls, etc.?

If by "big boys" you mean politicians, governmental or quasi-governmental organizations, I might be more inclined to give credence to the theory, but on the surface, as stated, I can't.

 

Archives

Resources & Links

Search