The central banks are taking turns now propping up the markets so they can get their own money out at a decent price. Then one day they will all no show and bam trillions will be lost and the sheep who got sucked in again will lose half their retirement accounts.
The communists have left the building !!!!
If you're playing in this cesspool, you will get what you deserve. Fool me once, shame on me. fool me twice shame on you.......
It's all BS technicals, fundamentals, momentum etc. The central banks are setting stock prices. You just have to decide how low or how high you think they will make them and place your bet. No investment just a bet.
The market goes up for one reason only now; central bank intervention. The public is just too stupid to realize they are being conned.
People will spend that money and increase demand, possibly drive wages higher, add a little inflation, walla have a thriving economy and growth? No because the rich won't get richer and the few that run the country won't obtain more power.
It's another market miracle ! Even Maria B. the biggest media stock pumper in the past admits it's all about central banks trying to keep asset prices, stocks higher. No longer does the economy or fundamentals have anything to do with stock prices.
Legalized theft ! Ring that cash register !
With a 3% rise in the indexes in two days, hedge fund managers and alike collect 3% more in fees. That's a bigger increase in a paycheck than most people have seen in over a year. Ring the cash register up !
So Monday the selling will begin again.
The worse the economy gets the higher my account balance goes. We have reached UTOPIA ! Can't wait for Bernie to get elected so I won't have to work anymore.
You must know that the ACA did not address the number one cause of rising health care costs. You must know that the ACA was written by a bunch of lawyers. You must know that the majority of the Washington elite are lawyers. You must know about sixty five percent of all medical procedures are performed or ordered by physicians to protect themselves from , you know, the lawyers. You must know there was nothing done in the ACA to curtail this. Do you now know why your premiums and health care costs continue to rise?
Market is up because Wall Street now knows that central banks will never stop stimulating the markets. The central banks are owned by the rich who are in control. The Monopoly Game that has been going on for the last thirty years is coming to an end. That is there are too few people with all the money and wealth. Everyone else is barely making it. Can't fault the central bankers they are so arrogant they think what they are doing will eventually work. Plus they are doing what they are told to do by the owners of the Fed. So if we were in a depression they would find a reason to continue to elevate asset prices or more specifically stocks.
I have some errands to run and I don't want to hang around.
Arrogant boobs know their manipulation to create economic activity has failed but will keep printing money until it works or we all go down the tubes.