Monday, June 04, 2012

Market manipulation? Bank on it.

Do you remember the strange five-day stretch two weeks ago when the S&P 500 index closed at 1316, 1317, 1319, 1321, and 1318? Well, that wasn't the end of its strange behavior. Today the S&P gyrated between 1282 and 1267, but ended the day only 0.14 points - or 0.01% - away from where it started the day near 1278. This is all the more improbable given the bad economic news coming out of both the U.S. and E.U. today.

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