I was musing to some friends today about the usual WTF at the end of the day.
Can you imagine if the govt was truly in the market and buying it on the corrections (or perhaps causing and controlling them) and selling it at the top, all the time making money using GS, MER MS as their proxy?
Responses:
"if you have the deepest pockets, you theorectically could play that game"
and
"it would not surprise me at all if the Fed is now doing what you describe. that is why they're scared to death of an audit. if this is exposed, it will cause a total panic by foreign investors as well as public outrage at having their own government basically running a pump and dump scheme on the markets."
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