Oh its not rigged. better go talk with trim tabs who tracks cash flows into funds and is the messiah of it.
Charles Biderman of TrimTabs Claims US Government Supporting Stock Market
Mark , TraderMark
Published 01/07/2010 - 3:26 a.m. EST Rate This Article:
0
ABOUT THE AUTHOR
Mark
Website:
http://www.fundmymutual...
Email:
markox5@yahoo.com
I'll let this story speak for itself, but it is quite striking to see some relatively prominent people now asking the questions we, and a few other websites in the dark corners of the internets (sic), have been asking for a very long time.
â¢[Jun 29, 2009: Larry Levin - the Visible Hand and Invisible Hand is Everywhere]
â¢[May 27, 2009: Daniel Shaffer Notices the "Invisible Hand" aka Plunge Protection Team]
â¢[Jan 9, 2008: An Amazing Blunt Commentary on the Plunge Protection Team
Just 2 weeks ago we noted in [Dec 23, 2009: One Strange Year]
According to TrimTabs.com, this year has seen
1.OUTFLOWS from U.S. stock funds all year
2.RECORD AMOUNT ($311 billion) of new stock offerings (includes IPOs, secondaries, and converts, but particularly a large offering of secondaries in the second half of the year);
3.Announced cash M&A, as well as corporate stock buybacks, AT THE LOWEST LEVELS FOR ANY YEAR THIS DECADE.
And
Hmm....
1.U.S. stock funds: $32 billion OUTFLOWs
2.U.S. ETFs: $18 billion OUTFLOWS
3.International stock funds: $26 billion INFLOWS
4.International ETFs: $35 billion INFLOWS
5.U.S. bond funds: $370 billion INFLOWS
6.U.S. bond ETFs: $39 billion INFLOWS
Yet the domestic stock market goes up and up and up... on pitiful volume, as opposed to 1999 when volume surged as every tax driver and barber was piling into the market. I'll go back to my grassy knoll and let Biderman take over from here.
Via CBS Marketwatch:
â¢Charles Biderman, chief executive of TrimTabs Investment Research,a research firm that tracks liquidity flows in the market is the latest and most credible person to charge that the Federal Reserve and the Treasury (in league with top Wall Street firms) is rigging the stock market.
â¢We cannot identify the source of the new money that pushed stock prices up so far so fast," Biderman said in a statement Tuesday. (I believe it's called "magic" Charles)
â¢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.
â¢"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?" (someone's been reading my blog...) The Federal Reserve or the Treasury, Biderman said, could have easily manipulated the stock market by purchasing $60 to $70 billion worth of futures of the S&P 500 Index on a monthly basis. (especially in premarket when the market is thin...recall so much of the rally in the spring and summer was overnight, rather than during the day )
Charles Biderman of TrimTabs Claims US Government Supporting Stock Market
Mark , TraderMark
Published 01/07/2010 - 3:26 a.m. EST Rate This Article:
0
ABOUT THE AUTHOR
Mark
Website:
http://www.fundmymutual...
Email:
markox5@yahoo.com
I'll let this story speak for itself, but it is quite striking to see some relatively prominent people now asking the questions we, and a few other websites in the dark corners of the internets (sic), have been asking for a very long time.
â¢[Jun 29, 2009: Larry Levin - the Visible Hand and Invisible Hand is Everywhere]
â¢[May 27, 2009: Daniel Shaffer Notices the "Invisible Hand" aka Plunge Protection Team]
â¢[Jan 9, 2008: An Amazing Blunt Commentary on the Plunge Protection Team
Just 2 weeks ago we noted in [Dec 23, 2009: One Strange Year]
According to TrimTabs.com, this year has seen
1.OUTFLOWS from U.S. stock funds all year
2.RECORD AMOUNT ($311 billion) of new stock offerings (includes IPOs, secondaries, and converts, but particularly a large offering of secondaries in the second half of the year);
3.Announced cash M&A, as well as corporate stock buybacks, AT THE LOWEST LEVELS FOR ANY YEAR THIS DECADE.
And
Hmm....
1.U.S. stock funds: $32 billion OUTFLOWs
2.U.S. ETFs: $18 billion OUTFLOWS
3.International stock funds: $26 billion INFLOWS
4.International ETFs: $35 billion INFLOWS
5.U.S. bond funds: $370 billion INFLOWS
6.U.S. bond ETFs: $39 billion INFLOWS
Yet the domestic stock market goes up and up and up... on pitiful volume, as opposed to 1999 when volume surged as every tax driver and barber was piling into the market. I'll go back to my grassy knoll and let Biderman take over from here.
Via CBS Marketwatch:
â¢Charles Biderman, chief executive of TrimTabs Investment Research,a research firm that tracks liquidity flows in the market is the latest and most credible person to charge that the Federal Reserve and the Treasury (in league with top Wall Street firms) is rigging the stock market.
â¢We cannot identify the source of the new money that pushed stock prices up so far so fast," Biderman said in a statement Tuesday. (I believe it's called "magic" Charles)
â¢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.
â¢"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?" (someone's been reading my blog...) The Federal Reserve or the Treasury, Biderman said, could have easily manipulated the stock market by purchasing $60 to $70 billion worth of futures of the S&P 500 Index on a monthly basis. (especially in premarket when the market is thin...recall so much of the rally in the spring and summer was overnight, rather than during the day )
