Posted on 09/29/2010 7:53:03 PM PDT by nmh
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RUSH: Yes. The Federal Reserve is providing money for banks and others to buy stock, yes.
CALLER: Okay. First of all, are you sure of that information?
RUSH: ... A bunch of others are saying it, as well as the fact that it's not your average, ordinary Joe buying stocks. It's the fed propping it up plus the people who are buying stocks are excited about the possibility that the Democrats are not going to be running Congress soon.
CALLER: Okay. Second of all, could you possibly give me the Web address so that I can check this out myself?
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RUSH: All right, here's the website. This is one of many but one is The Motley Fool.
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RUSH: http://www.fool.com/investing/general. And then 20100108, "Is Fed buying behind the stock rally?" You go to Motley Fool and search.
CALLER: ... Is there a timeline approximately how long this has been going on?
RUSH: Recent. September. September is normally a swoon for the stock market. Stock market traditionally loses value. The short sellers make out big time. The the people that traditionally count on a market decline in September are getting sandbagged here because the market's skyrocketing as you can see. It has the whole month. It's shocked everybody. People are trying to figure out, "Why, okay, why is this going on?"
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RUSH: Here's the question. "Do we have the Federal Reserve to thank for the recent stock rally? The only logical answer is yes, according to TrimTabs, a research firm that tracks money flows in and out of the stock market." There's a line of reasoning here because stocks gain $6 trillion in aggregate market value in mid-March and it's really ratcheted up in September. ... It's all about propping up Obama.
(Excerpt) Read more at rushlimbaugh.com ...
BREAK TRANSCRIPT
RUSH: Look, all you doubting Thomases out there, there's no doubt that the Fed is pumping money, no-cost money, they're printing money. What else are they going to do to cover all this debt? They are printing money and they're giving it away. The interest rates are practically zero. They're making it easy. So the short sellers are getting socked here because people are putting the money in the stock market. The average guy's not in. You know, it's not hard to understand what's going on out there at all.
And the RATS have everything to gain, and nothing to lose - because this is what I see happening:
In the short term, they pump up the markets (artificial inflation - think bubble, again) in an attempt to make the RATs look good. There are some Anti-American useful idiots who will fall for it and vote for RATs in the election.
But the Dems will lose overall - and then when the bubble bursts - who will be in control of CONgress? The Repubs - so who will they blame? Bush? Well - close enough - the Repubs will get the blame.
And yes - that makes no sense - the Dems have been in control of CONgress for how long? And they have steadily and reliably thrown the economy in the dumpster... and eagerly (and with the blessings and support of the MSM) blamed Bush... even though he has been out of office 2 years...
But mark my word, when this artificial bubble bursts - and the Repubs are in control of CONgress, even if only a day - they will get the blame...
Great time to sell.
Not good.
Good point. So, are the DemocRATS setting up the Republicans if they do take back control of Congress? I believe so. Barry and his 'RATS will once again be able to pin the blame on someone else. The average American would not be bright enough to figure out had happened.
This one could be The Mother of All Bubbles.
We Freepers have been saying this for how long now?
And is the Fed manipulating the price of Gold too (now over $1300/oz)?
I think that is more a statement of long term investors concern for these voodoo market manipulations.
The crash will be worse.
It’s a temporary flurry and already the government is running out of money to keep the stock market propped up. God only knows what THIS is costing is NOW and LATER.
To be honest with you, nothing surprises me. I just get more and more pissed off.
The free enterprise-hating, America-hating Fed pumped up the market when Clinton was in office. I’ll never forget that scum Greenscam calling out the plunge protection team every GD Friday afternoon between 3:09 and 3:15 when the market was down 300 to 400 points.
Greenscam and his nazi slut wife need to be hanged from every lampost from sea to shining sea..
Yup! We never should have let the lunatics run the asylum. Marxists/Communists do not understand how America works and what makes America great. Giving total control of the government and the country to these Obamanoid morons is kind of like giving a pig a wrist watch.
bttt
If he's saying right now that it looks like a good time to get into the market, he might be right, but be careful.
Yes, and we’re likely to see inflation added to our difficulties next year. When our “austerity” program finally comes, it will include steep tax hikes (as seen in other nations with such policies). They’ll only repudiate the debt after we’ve been through too much terrible suffering. ...mixture for hard socialism in the future. If they don’t want to see that, they should abstain from raising taxes.
“So are the DemocRATS setting up the Reupblicans if they do take back control of Congress?”.
Damn right they are.
9/11 was a good example. clintoon brushed off the terrorists for years until they felt comfortable enough to pull off the assault on NYC. Once Bush was innagruated, the dims stalled all his appointments and made his life as difficult as possible. Then we got hit and the dim media laid all the fault at the feet of Gw Bush.
They have done it before, so they will do it again.
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Rsuh makes no claim to be a stock expert so like anyone else offering an opinion - it’s just that - an opinion!
Has anyone else noticed the odd reaction of the market lately? Seems like regardless of bad news, the market keeps going up. Is this because the international markets are that good or is it because the local markets are holding on (or are the Feds propping it up).
Really strange to me... Is anyone else seeing this problem?
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