March 25, 2011 · 6:31 am

So it’s not just me who thinks so

Stock market in a state of denial

5 Comments

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5 Responses to So it’s not just me who thinks so

  1. fred
    March 25, 2011 at 7:28 am

    nope. no market. real growth is laughable. monetary policy drives whatever is going on. 100 trillion dollars with no place to go. been like this on and off for 20 years. time to audit the fed.

  2. Treepart
    March 25, 2011 at 8:13 am

    The market is a joke. It’s rigged plain and simple with the POMO operation Bernanke is running fluffing up the charts every week, it’s nothing short of a ponzi scheme. The plan, I believe, is to prop up all the pensions and institutional accounts that got whacked to recapture wealth, and the manipulation is working.

    I read somewhere that the average length a stock is held is something like 13 seconds which is accomplished by all the high frequency trading that is driving the market. What a joke this country has become. But oh yea, that’s right Obama hates capitalism. Bahahahahah.

  3. Treepart
    March 25, 2011 at 8:15 am

    And there will be a QE-3. In fact S&P Minis jumped big time yesterday in Europe as 2 big players took positions as a rumor went out that QE-3 was in the works. If this country were a stock, it’s my opinion that it would be in a death spiral.

  4. Lls2
    March 25, 2011 at 9:00 am

    Kind of like the nuke situation over in japan

    Denial is a very , very strong emotion.

  5. Treepart
    March 25, 2011 at 11:32 am

    I used to work for Merrill back in the day.

    I was there when Iraq invaded Kuwait and the markets tanked. Over the last 9-12 months there has been a massive oil spill in the Gulf of Mexico, we’re still at war in Afghanistan and have troops in Iraq, oil has risen from the 70s to over 100, a nuclear meltdown in Japan has occurred, an earthquake and tsunami has hit Japan, Egypt turned upside down and there’s a ton of unrest in the middle east….and the market is up what about 20% or so?

    Makes no sense whatsoever unless you take into consideration the amount of money the Fed has been pumping into the market to make everything look better than what it is. There are no free markets.