Read more on this subject: Wall Street
News Story Source: theeconomiccollapseblog.com, by Michael Snyder
The S&P 500 closed down for the fifth trading session in a row on Monday, and that represents the longest losing streak that we have seen since last February. Investors are starting to get quite nervous, because for most of the past year stock prices have gone in just one direction. Even as the real economy has imploded all around us, there has been tremendous euphoria on Wall Street as stock prices have surged to dizzying heights. If stock prices were allowed to crash, that would definitely not be good for the national mood at all.
So what is the solution?
This stock market bubble was originally created by unprecedented intervention by the Federal Reserve and by extremely wild borrowing and spending by the U.S. government, and in order to keep the bubble going we are going to need a lot more of the same.
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