Pump-n-dump?
EASY! The end of an Obamanation.
The market numbers have nothing to do with Obama’s Depression that rages on. Brokers buy and sell stock to each other. They are paid for each transaction, so the more they churn the stocks, the more they make in commissions. It’s the old S & L scam of the 70s redux.
Because with the bad economic news, the expectations of a third quantitative easing from the Fed is expected. So bad news == good news. The last two easings resulted in two market rallies, which then dissipated. The market is expecting to be rigged by the Fed, not expecting earnings growth and heightened consumer demand — because it is clear those are not present.
There was another Thursday statistic......... Rasmussen, Obama down by 5%
Markets are up because investors and business are
looking forward to November and a change of regime
and just can’t wait.
That’s my guess.
Maybe.
Or maybe Bernanke will do ANYTHING to get his messiah re-elected including QE3.
That and the market’s exuberant reaction to President of the ECB, Mario Draghi’s ‘Believe Me’ bullshit speech .
I think the markets are wholly addicted to govt. money printing and NO WAY Europe of the Fed will allow their Beast system to crash.
[ Why Are Markets Up? ]
There is profit in capitalizing socialism.. Look at China..
-OR- in socializing capitalism.. same evil thing..
Socialism is a lie.. a scam.. but some will buy it..
There are suckers born every minute.. unless they are aborted..
Just part of the turbulence. The markets for real estate, precious metals, currency and stocks are all in a turbulent phase. So they go up and down. On the whole those who put in money into the markets near the peak during QE2 are down. The markets are moving up again due to rumors of an impending QE3 which will cause inflation. Whenever these rumors pick up, people move out their currency holdings into the other forms.
As a few have mentioned, its all about the anticipation of QE3. Since the Economy is taking, traders think that the Fed (Bernake) is more likely to print more $$. The irony here is that the anticipation of QE3 may give the market a bigger boost than QE3 itself. In fact, its possible the the QE3 euphoria may last just days once its announced—before the Market goes into reverse.
Bernanke is propping up the market.
The Fed is printing money, and it’s going into the stock market.
Europe Central Bank basically saying they are going to do some quantitative easing (printing money).
Our Fed saying the same thing, QE3. Pretty simple really. This writer isn’t much of a ‘Thinker’ is he?
This is how the stock market grows even while the U.S. economy declines by almost any other objective measure (employment, income, productivity, etc.).
I'm not a "gold bug" and I don't advocate for or against any specific type of investment, but this interview is a must-read for everyone on this thread:
I may be wrong, but I figure it’s because the banks don’t pay interest worth squat. Were else are you going to protect you money from deflation?
American businesses, and more especially foreign businesses, have more value than dollars. But we are valuing them in the denomination of dollars. The value of the dollar continues to fall, and with each increment down, more dollars must be assigned in value to a company to meet the inherit value of the commodity or business.
Demand is down, the economy is down, thus the value of oil is down. But the price of oil goes up - why? Because it takes more dollars to buy each barrel of oil. Is the GDP up? Nope, the GDP has fallen quarter after quarter if you take into account deficit federal spending, up to a whopping 24% of the GDP.
So there you have it, why stocks are up when everything in the news cycle points to utter disaster. The DOW is a horrible measure of economic health.
More money printing.
during the hyperinflation and economic collapse of Zimbabwe, their stock markets soared too
If by “up” the author means below the 2008 levels including inflation), it’s because the President thinks everybody’s money belongs to him.
Short term ticks up and down don’t mean anything. It’s a random walk.
This is easy. It is money creation by the FED.
I believe that It can be taken even further. Every time the FED is about to create money and dump it to the bankers(in exchange for JUNK) then they create a cover story. They get the German Chancellor to make a statement, They bring out Liesman on CNBC or whatever. It is all a cover. These statements are not what make the market jump up. They are simply an explanation, so that Gullible people don’t figure out what is really going on.
Yes the system is really that corrupt.