Loading ...Being cynical, we firmly believe that the stock market is not a free market but quite manipulated by the major players. Goldman Sachs, Fed, Government policies and other big players DO work together to assure a stable financial market. So the question is, what will they do next? One, they can let Citi fail, cause a panic in equities and let it have the correction it needs. The benefit would be interest rates could be kept low (helping housing data) and the dollar would strengthen. Both of those are needed at this time. Or, they can rescue Citi, keep devaluating the dollar and support the equity market. The harm of this would be that interest rates will creep up and the dollar would fall further. […]