Charles Biderman explains his bewilderment at the US stock markets strange rise since the lows of the March 2009 crash, on Bloomberg TV, January 19, 2010. Volume has been low, gains during normal hours have been low, and most of the gains are attributed to futures trading after hours. No one seems to know who is buying. Some suspect the Fed has been propping up the markets.
Is this: capitalism, free enterprise, free markets, or none of the above? George Orwell rolls over in his grave. No one notices.
Watch the video here.