The stock market is driven and controlled by expectations, speculations, and manipulations, seldom reality.
The stock market averages are being falsely inflated because the government is printing $86BILLION a month and using the market to filter that money into the economy. Wall Street is a money laundering operation for Obama and all these inflated values are being purchased with worthless money.
It is incredible to watch Obama's media happily report that the market gained today while no one is asking the obvious.
Look what happened this week with just one hacked tweet. We are one big falling domino away from 70-90% correction
The main reason we had such a boom in stock prices in the late 90s is because of the advent of stock trades via the internet. This caused a huge shift in the demand curve. People in this country who had never even met a stock broker could now go online and purchase stock. People overseas sitting on dollars could now get on the internet and purchase US stocks.
Today, we are experiencing a massive increase in the money supply via the current Fed policy known as "the-printing-of-the-money". It results in more dollars chasing fewer goods, with stocks being one of those goods. Just as bread prices, meat prices, gas prices, and rents have gone up, so have the price of stocks. I don't see people getting all excited when gasoline hits $4/gal, yet when stocks hit some high price, everyone wants to translate that into how well the economy is doing.
The Plunge Protection Team at the Whitehouse is working to make sure that the markets stay up.
It’s also driven largely by POMO ‘investments’ and the PPT, which saves the day just about every day there is a fall.
The DJIA is a joke of a bubble just waiting to pop.
The huge bullion bankers had a short on the price of gold so they caused the price of gold to collapse recently. So they made a fortune.
With the price down, I’m sure they turned around and snapped up lots of physical at the low prices.
The rich and powerful are running things and ruining things.
All we can do is heed my tag line.
Mr Madoff concurs.