On October 22nd, I wrote “Who Is Driving The Market Collapse?” which posited:
There is someone or multiple somebodies behind the drive in the last hour each day pushing the market to collapse and then pushing the American public to panic and vote for Barack Obama’s socialist agenda.
I will start digging….I already have a pretty good idea, but nothing to back it up yet….keep ya posted….
UPDATE: George Soros may or may not be involved in this, but everybody needs to start thinking bigger and stop looking for the culprits on our shores……
I was wrong about one thing; getting The One elected is not the only motive for the people that are involved, and rest assured, there is more than just one, two or three people involved. I have been watching the chess game happen each day with our market; some days the good guys win, some days the bad guys win. Currently the bad guys have the upper hand. The defeat of the Auto Bailout today and the look of dissappointment on Pelosi and Reid’s faces made me smile, but then I remembered that the Communist Party here in this country WANTS the Big 3 to collapse….so do we save them because the Communists consider the failure a way to move their anti-American agenda forward?
Anyways, back to the point at hand….
I started digging and came up empty as to actual evidence, and felt that waiting for “possible players” to surface was going to be the only way to start piecing this particular puzzle together. Today, a possible player, and I repeat, possible player has surfaced. According to International Business Times:
NEW YORK – Citigroup Inc. shares tumbled below $5 a share Thursday to their lowest level in more than 15 years, a sign that a Saudi prince’s decision to boost his stake in the bank has failed to galvanize confidence among increasingly anxious investors.
Prince Alwaleed bin Talal, a longtime investor in Citigroup, said he plans to increase his stake in the bank to 5 percent from less than 4 percent. He also expressed “his full and complete support” of the bank’s management–including Vikram Pandit, who has been CEO for less than a year.
Draw your own conclusions folks, but my theory includes, but is not limited to, the Middle East; I just can’t prove it yet. Ask yourselves, what is the payoff if Citigroup comes back from the brink, and/or what is the payoff if Citigroup collapses and the resulting effect on our economy?
At this point, we can either start buying Citigroup stock or we can wait for the Saudi Prince to lose his money….which horse do you want to bet on?