NEW YORK (MarketWatch) -- The unusual circumstances that led the U.S. market to rally powerfully in 2009 might be explained by secret government moves to buy stocks, according to Charles Biderman, the founder and chief executive of TrimTabs, a research firm that tracks liquidity flows in the market.
"We cannot identify the source of the new money that pushed stock prices up so far so fast," Biderman said in a statement Tuesday.
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Jonathan Auerbach, managing director of Auerbach Grayson, discusses the performance of foreign stocks in 2009 and their outlook for 2010. He talks with Kelsey Hubbard about which overseas funds are a good bet for investors.
The source of approximately $600 billion net new cash necessary to lift the market's overall capitalization by $6 trillion last year could not be identified by TrimTabs, Biderman said. The money, he said, didn't come from traditional players such as companies, retail investors, foreign investors, hedge funds or pension funds.
"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?"
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DUH!!!
ReplyDeleteThey've been manipulating the markets since the mid 1990's where Clinton perfected the technique! Pretty obvious when you follow it daily!
ReplyDeleteDuh, not much of a conspiracy as much as an attempt at STIMULUS.
ReplyDeleteWatching that huge DOW balloon burst is going to be entertaining that is for sure. All fake. All held up by nothing. One good false flag, one staged trigger, and there she sinks .... into oblivion.
ReplyDeleteEventually once our foreign lenders get wise and stop lending us money, the bottom is going to fall out. We will be in deep shit then.
ReplyDeleteOnce the government can not find revenue/funding then the bottom is going to fall out of our economy. Then watch out below.
What we need a good cleansing of our excesses. That is what a recession and depression is supposed to do. It is painful but it is necessary.
Many Americans want the prospeirty that capitalism entails, but not the necessary self correction cleansing process.
Well said Mr Schiff.
ReplyDeletePeople were willing to believe the ridiculous 9/11 story and lash out to murder 1.2 million people. If they believed that nonsense they'll believe anything.
ReplyDeleteStimulus is just another word for robbery. They print, you lose, slowly. Vampired.
Tax is another word for robbery.
ReplyDeleteMonetary inflation is a tax.
ReplyDeleteIt's no conspiracy, they where providing 'Liquidity' to the market, which means you where able to sell your stocks to Goldman Sachs who was buying using money given them by the Fed.
ReplyDeleteIt's all part of a program called 'Quantitative Easing' because it sounds better than 'trying to fix this utterly broken destroyed economy by printing more money and devaluing the currency'
Uh, no, its just the Fed trying to break the sheep of the middleclass, even though its they who are its most ardent supportors. Make sense? Of course not!
ReplyDelete