Green Shoots or Manipulated Market?
Everyone would like to think the current recession is about to end. That’s human nature – to hope for the best. But are the green shoots we’re being told about real? Is the recent rise in the stockmarket based on real buyers entering the market with renewed confidence?
There are a lot of analysts and commentators who think the opposite – that the supposed “upturn” we are currently experiencing is not a glimpse of the light at the end of the tunnel, but rather a mirage that is obscuring what is yet to come – the real depression.
This video and accompanying commentary is worth noting.
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Categories: Economy
I first heard of the massive volumes of shares trading electronically in micro seconds, just a few weeks ago. It shows how vulnerable the global trading system is to manipulation and how exposed it is to emotional inbalance. When negative emotion is mixed with catastrophic price plunges precipitated via electronic trades, we have a certain grounding for a sharemarket tsunami of unbelievable proportions.
I am a CFP (Certified Financial Planner) and I believe it is a manipulated market, always has been always will be.
I showed clients strategies based on the (fraudulent) concept of Efficient Market Theory. With “long term buy and hold” plans. Guess What — they failed. The only people who made money were:
Over paid CEOs (who in many cases manipulated stocks)
Fund Mangers (MER payments — just beat benchmark — even if benchmark is minus 50%)
Mutual Sales people
Government paid watch dogs (who didn’t watch)
It turns out the stock market is a casino.
Am I bitter–yes, but also wiser, learn a second set of job skills — security is in the person not the job, or the nation.
http://www.scribd.com/doc/16996401/World-Bubbles-GoldmanSachs-Taibbi-Rolling-Stone
Refreshing !! All I have to say is that in order to save face the government had to step and begun by throwing Ethics out the window!! The game is up!! The entire world now knows that it was an inflated equity schemes that had maintained the facade of prosperity in this country. Well, it’s all ended and now that the truth has come out, it has turned into the biggest Heist in the world!!. Where is all the money??