Is Wealthy Liberal American forcing the stock market down to influence the Election? (Vanity)

5/12/04 | Heff

[Heff]

Is it possible that the wealthy liberal elites are dumping their stock positions to tank the market? This my not be a very conherent therory, but I think its very possible.

[Heff]

Any thoughts?

[Ron in Acreage]

And probably going short as well.

[camle]

if so, then it's way too early.

[Jack Wilson]

That would create profit opportunities that other liberal investors would take advantage of. Liberals don't admit it, but they like to make money.

[theDentist]

Not likely. One thing about wealthy liberals, they tend to be much greedier than wealthy Republicans. They'd suggest to others to take such action, but never themselves.

[prophetic]

hmm, let me guess...

[Redbob]

"This my not be a very conherent therory,..."

You got that much right.
Almost.

[2banana]

Money will always triumph ideology. Plus, even rich liberals can't influence something as big as the stock market for 6 months...

[Hodar]

Yes, the Liberal elites are dumping hundreds of trillions of dollars today, and absorbing the loss just to make the market go down before the election. They don't earn money like the rest of us. < /sarcasm>

Hint: Buy low, sell high.

I love cycles like this. This is how you make 335% on your investment a year, like I have. Buy NOW ... in a month or so, when the market recovers; the stock you got (which was horribly abused for no reason) will recover, then you sell it. AMD is my favorite. They are down 85 cents for absolutely no reason. They made 300% more than predicted, Intel has no competing 64 bit desktop processor; and MS will soon be releasing WinXP-64.

[E. Pluribus Unum]

I hope they are.

Anybody stupid enough to think they can control the market deserves to lose everything.

I hope they are selling reeeaaaallllly short.

That way they can lose everything and then some.

[aft_lizard]

Nah. Just some speculators out there worried about rate hikes and energy prices. I think Greenspan should go ahead and hike the rates .5% to get the air out. Once that happens the markets will settle a little and rise.

[Moonman62]

Nope. Warren Buffett and George Soros are losing their butts on their bets (wish) that the dollar would get weaker. A possible change in dollar policy is the major factor, plus it's been awhile since we've had a significant correction. Just look at all the economic data. It's very good.

[CasearianDaoist]

Actually some of what we are seeing is some movement out of equities to cover some really stupid dollar shorting in FX markets. Not all but some of it.

[js1138]

Weren't the other catsup brothers caught trying to corner the silver market?

[E. Pluribus Unum]

Actually some of what we are seeing is some movement out of equities to cover some really stupid dollar shorting in FX markets.

I know.

Ain't it cool?

[handy]

No way. Too much money is overseas money, or is managed by private institutions. Both will buy if they think there is opportunity.

Fear of interest higher rates & energy prices are the primary concerns.

[Free the USA]

How about the speculation that is driving oil prices through the roof?

[hankbrown]

This is the type of thing that the DUers see everytime the market goes up -- except that then it is conservative rich people buying stock to help Bush. No one person would have that much influence on the market and it is doubtful that all the "rich liberals" have had some sort of meeting to discuss and implement this strategy. Probably more conservative business types in the market than liberals anyway.

[redhead]

"Is it possible that the wealthy liberal elites are dumping their stock positions to tank the market? This my not be a very conherent therory, but I think its very possible."

My very question, just now.

[Alberta's Child]

Even the wealthiest Americans own such a small stake in the companies traded on U.S. exchanges that they couldn't possibly have a major impact on it.