“We Have No Evidence They Are, but They Could Be.”
Sorry, not good enough.
What’s responsible is that the market was absurdly oversold to begin with, over what was an overhyped crisis in order to help Obama win the White House.
...part of the rally at least is due to guys like me who bought blue chip stocks at beaten down prices...and I’m micro-miniscule compared to whales like Warren Buffett who snapped up large positions....after March 09 the bargain hunters moved in...
To answer the question posed by the title - The People who are busy robbing you and your children of a future!
Just my guess.
I thought a hallmark of truly free markets was transparency.
Why is it the case that hedge funds get to hide their buy/sell patterns from the rest of the market?
I'm not a finance person by any means, but when you think about it where else can people put their money? Real Estate is still dropping, treasury's and CD's are paying next to nothing so what do you do? If you're a small fish like most of us you buy stable dividend paying stocks, at least while dividends are still taxed at only 15%. The other option is gold/silver coins and look at whats happened to them. The down side of gold/silver is it provides no income stream.
</Just my 2¢>
OUTSTANDING comments at zerohedge. Thanks for posting.
Or we can hope liberals bought their own “line” - and are investing in their “hope” and change...
Trillions in cash have been dumped into the economy. Other than the stock markets there is no place else to invest that cash. Hence, the market is rising even though the economy is a joke.
I think you are right. The Fed in concert with the Treasury are manipulating the stock market. When, and if, this comes to light, you will see a real crash. The crash in the value of the dollar and faith in the US economy. Someone is going to get left holding the bad end of this stick. Argentina Redux with a twist.
For most of 2009, from the “bottom” in March until nearly the end of the year, there was a near-perfect inverse correlation between the strength of the US dollar and the US markets; the dollar strengthened, the markets went down, the dollar weakened, the markets went up.