subsidized

...CNBC’s Rick Santelli scoffed at him and said he was full of hooey. That the market action smelled of "PLUNGE PROTECTION" … that the market was holding its own, and going up, because it was being "subsidized," and that traders know it and are going with the flow. He went on to say why CNBC bothered with the silly rationale of the market movement today as presented by Westbury … that it was totally useless!!!!

Congrats to Rick Santelli. I wonder how long he will keep his job at CNBC, operating outside the interest rate pits at the Chicago Board of Trade?

From lemetropolecafe.com Tweet