Under The Surface Action. February 15th, 1008. According to John Crudele who writes a regular stock market column for The New York Post, governments here and around the world are likely rigging the stock market. I refer you to his TAKING STOCK column of yesterday. In essence at the recent Group of Seven (G-7) meeting in Brussels there was talk about this rigging from Eurogroup chairman Jean-Claude Juncker who said: “We have agreed in Tokyo that if there ware irrational price movements in the markets, we will collectively take suitable measures to calm the financial markets.” When asked what measures, he responded: “Whoever has a strategy should not set it out. Otherwise it will lose its effect if it is explained.” Schwartz View: The problem with rigging the market as Mr. Crudele spells out is that: (1) this corrupts the free market which is the foundation of capitalism, (2) creates big possibilities for insider trading to flourish and (3) makes it impossible for investors to determine the correct valuation for stocks. My only suggestion for now is that when the stock market weakens severely, expect big market rebounds coming out of nowhere. Not just on interest rate cuts but on sudden buyers appearing out of the woodwork.