I don’t want to openly say that US markets and futures are manipulated, however there is a good bit of evidence from the documentary movie Wall Street that it happens every day, even during a major war.
How does one know? Look at this chart since Friday night’s rocket ship travel up in WTI Crude then the hopium filled Sunday session and into the “big” story today.
The big event was the usual garbage from the usual garbage tabloid newspaper, the Wall Street Journal. What was the big headline that triggered the move down into the high $60 range? This one:
I shall bite my tongue to not repeat what I’ve said about the insanity that this financial tabloid publishes to manipulate, er, report on events that might move markets, but let’s just say if a Nebraska farmer wanted to fertilize 1,000 acres, the WSJ could keep it well fed for months.
Meanwhile, real oil traders and insiders know better as highlighted in this X posting:
Needless to say, the Wall Street Journal is not my primary source of overseas news and even with market news, it’s marginal to purely fiction (allegedly) at best.
A few hours after this came out and Iran got bombed again, Al-Jazeera published a response from the Iranian government:
In other words, choose your sources wisely. If you’re going to trust the WSJ on non-business news without sources, without clear, verifiable statements, and worse from allegedly yellow journalists, then you might as well read this great newspaper and trade off of it.
