CNBC Admits to Manipulated Market that Continues To Be Propped Up By Government Intervention And ManipulationStock-Markets / Market Manipulation Jun 29, 2009 - 08:13 AM GMT
Readers of my articles and those of other authors on this site will have long come to know that CNBC lacks any credibility as it continued to pump out bullish market propaganda in the face of the severest bear market since the 1930's, whilst at the same time engaging in the re-writing of history on the channels past market calls as witnessed numerous times on Jim Cramer's Mad Money Show.
Now, CNBC reports the "truth" about market manipulation ?
For more on manipulated markets see my March article - Stealth Bull Market Follows Stocks Bear Market Bottom at Dow 6,470
By Nadeem Walayat
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Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on the housing market and interest rates. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 250 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk
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13 Jul 09, 17:00
CNBC and Manipulated Markets
CNBC is owned by NBC, which is owned by GE, which is headed by Jeff Imelt, who sits on the board of the Federal Reserve.
Did you really expect anything different???