It's being propped up by insiders in order to make things look good, folks. Like seriously - S and P 500 up on the same day we hurtle towards crisis (not to mention that China is on the brink)? Insiders are just trying to get more suckers into the market before they pull the bottom out.
Stock market boom is a sham
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It's being propped up by insiders in order to make things look good, folks. Like seriously - S and P 500 up on the same day we hurtle towards crisis (not to mention that China is on the brink)? Insiders are just trying to get more suckers into the market before they pull the bottom out.
Not quite. Insiders always make money on the down. Maybe that is what is going on. But they are raising interest rates; and people are anticipating a significant change in diplomatic posturing regarding world energy markets. It's a shame you idiot political scientists cannot figure out how these things work.
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I don't mean insiders in the Fed. The most important Fed insider will resign soon enough (if health problems don't take her out).I mean a group of investors who have Trump's ear. There are also a second group of people that don't have Trump's ear, but who know that the other investors do. Third order investors are suckers, who attribute the boom to expectations of a fiscal expansion. So much of the market is full of passive investors that it is easy to make money this way.
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1. You make money on the upsurge as suckers jump into the market, and short-term credit expansion - once Trump is in office - props it up.
2. You switch to short positions once you know the market is going to turn (due to your connections with agents of the state - i.e. Trump's cabinet and the Trump Fed). -
Sham?
I just sold at a massive profit. A sham would imply that someone would have taken my money and used it for their own purposes while only pretending they would pay me back.
The market is many things, and most of them are pejorative, but "sham" isn't quite the right word.