Government bailing the Dow

It only takes a few billion dollars to buy the 30 dow components or some of them to jump start the market. Every time the government feels like it, it dumps $10 or $20 billion dollars to stir the market and scare the shorts…what’s $10 or $20 in the overall scheme of things? This is small pocket money for a government willing to dump $700 billion to save the economy… Remember the government is now an investor as well.

Like I mentioned in another thread, the buy back is violent everytime the Dow approaches 8,000.