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To: madison10

Thanks for the information. I see in my crystal ball another crash cominng our way...


98 posted on 03/27/2010 8:19:04 AM PDT by hstacey
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To: hstacey
This isn't where I got the idea from, but it backs it up: What or Who is Driving up Prices?.

Here's what Mr. Biderman had to say: 'We cannot identify the source of the money that pushed stock prices up so far so fast.' More specifically, the source of about $600 billion net new cash necessary to lift the market's overall capitalization by $6 trillion last year could not be identified.'

Biderman continues, 'We know that the U.S. government has spent hundreds of billions of dollars to support the auto industry, the housing market and the banks and brokers. Why not support the stock market as well? The money did not come from traditional players.

One way to manipulate the stock market would be for the Fed or the Treasury to buy a nominal $60 to $70 billion of S&P 500 stock futures each month for as long as necessary. Depending on margin levels, as little as $5 billion to $15 billion per month was all that was necessary to lift the S&P 500 by 67% (statement was made on January 6, 2010).'

101 posted on 03/27/2010 8:39:00 AM PDT by madison10 (If my people who are called by My Name will humble themselves and pray, then I will hear from heaven)
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