The government stress tests have been pushed back several times in the last month. Why do they keep pushing them back when we keep getting snippets of "light at the end of the tunnel" from various veteran news sources? The previous administration would leak bad news just after the close on Friday afternoons. The current Obama administration has trended toward releasing small parts of bad news, and letting the news pick them apart. Then after the "snippets have been reported to death, the real news is released, watered down and accompanied by several dovish Fed chief speeches. Here are my theories as to the reasons of delay for the stress tests...
1. They want the markets to slowly digest the horrible news as to not start a panic.
2. They want low volume markets to allow for easier and less expensive market manipulation. (See previous posts)
3. Banks need more time to enter massive insider trades in various derivatives markets that will give financial institutions more record earnings Q2. We are seeing some big activity in CDS trading as of late.
4. They want more time to disinterest the viewing public in current financial events. I.E. Swine Flu, Afghanistan, and Iraq, and pirates.
All of this is a smoke screen. The fact that they have reason to delay test results at all speaks volumes.
Nevertheless, markets continue to rally on very low volume. Many traders are hesitant to short as the market vector is following Washington and their lies and manipulation. If this type of government communism continues, it's not if there will be a revolt, it's when. The people of the United States are starting to reach their boiling points. How many years till it boils over?
Sent via BlackBerry by AT&T
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