Here is a great clip from CNBC that gives further light to what I wrote about two weeks ago in a story entitled: How the Invisible Hand Moves the Markets
In the video, every single member of the panel admits that the government is skewing the markets to the upside on purpose-even Steve Liesman.
Unfortunately, buried beneath it all is the faulty premise that the free market still exists, which as we now know it does not.
Of course, what happens to the markets when the government hand is taken away is another story entirely.
As for the video, it's a great look at what is moving the markets today and trader Larry Levin absolutely nails it.
Roll the tape....
Related Articles:
Cap and trade legislation: A Smoot-Hawley rerun?
Warren Buffett says the economy is in a 'shambles'
How the Invisible Hand Moves the Markets
There Is No Free Market in America
To learn more about Wealth Daily click here
The Best Free Investment You'll Ever Make
Stay on top of the hottest investment ideas before they hit Wall Street. Sign up for the Wealth Daily newsletter below. You'll also get our free report, Gold: The Armageddon Hedge by our resident gold expert, Greg McCoach.
