Dow Up Over 800 Points, the Game is Rigged
Dow surges after CPI data shows inflation is still hot; it's going to get a lot worse, just wait until after midterms
Gerald Celente, the trend forecaster and publisher of the Trends Journal, talks about the Dow’s surge on Thursday after September's CPI inflation rate came in at 8.2 percent, which was down just slightly from August's 8.3 percent.
CELENTE: “You can just see how they artificially propped up this market. To me it was totally fake. The plunge protection team. They're not going to let this thing sink before the midterm elections. So they may only raise interest rates by 25 basis points, 50 basis points tops so the market spikes between November 2nd and in the midterm elections in the USSA, the United Soviet States of America.”
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Yesterday, you had the Nasdaq enter a bear market, you had the S&P in a bear market, the Dow in bear market territory.. And we believe it's going to get a lot worse but they are going to artificially prop it up until the midterm elections.
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