Dow = 11,000. Discuss.

Go figure –

Over the past 13 months, the Dow has regained nearly 4500 of the 5000 points it shed in the six month following the collapse of Fannie Mae, Lehman and AIG.

You can debate amongst yourselves whether this is proof that a) Capitalism works; b) Government intervention is more successful then popularly realized; c) the entire thing is a giant, charade, controlled by shadowy players — and GS.

Discuss.


Originally published at The Big Picture and reproduced here with the author’s permission.
 
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One Response to "Dow = 11,000. Discuss."

  1. macfly   April 13, 2010 at 12:41 am

    It seems that much of the tech charting is predicting a return to the bear after this very frothy low volume melt up, so I wonder if you should maybe wait a couple of months to know for sure if this is really a ‘save’ and if it is within the control of either the Govt or the ‘shadowy manipulators’ – and they are most likely one and the same anyway. This crisis has finally proved to all that Wall St drives Washington.I wish we could vote out the Fed, and out of the IMF.Enough of this Rockerfeller nightmare.