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Is the stock market just one "BIG" scam ? $9 Billion in outflows last week and the market is up ? What do you think ?

 
Anonymous Coward
User ID: 28621700
United States
11/29/2012 07:04 PM
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Is the stock market just one "BIG" scam ? $9 Billion in outflows last week and the market is up ? What do you think ?
Also we have 10K Baby Boomers retiring each day (every day of the week thats 70K per week) These Boomers are selling stocks, Bonds and Equites in the open market. Who is buying what they have sold ? a printing press ?

Same thing with housing as they are "trying" to sell their underwater houses, condo's and investment properties to fund their retirements. Who is there to qualify for and afford a loan to support the present prices ?

The answer to both of these questions are "No One"
A printing press is supporting prices and the economy.

From the article:

U.S. equity stock funds had a net outflow of just over $9 billion in the week ended Nov. 21, the biggest outflow for a single week this year, according to research firm EPFR Global.

The next biggest outflow was during the week ended Oct. 25, as fiscal cliff jitters rattled investors ahead of the election.

[link to finance.yahoo.com]
MuayThai

User ID: 28743030
Philippines
11/29/2012 07:09 PM
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Re: Is the stock market just one "BIG" scam ? $9 Billion in outflows last week and the market is up ? What do you think ?
People are taking their deductable tax losses now and because taxes are going up on dividends and capital gains. Investors are going to cash positions because of the fiscal uncertainty.

The market is a false world in my opinion, all of it ran, controlled and manuipulated by money junkies.
Anonymous Coward (OP)
User ID: 28621700
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11/29/2012 07:45 PM
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Re: Is the stock market just one "BIG" scam ? $9 Billion in outflows last week and the market is up ? What do you think ?
People are taking their deductable tax losses now and because taxes are going up on dividends and capital gains. Investors are going to cash positions because of the fiscal uncertainty.

The market is a false world in my opinion, all of it ran, controlled and manuipulated by money junkies.
 Quoting: MuayThai


I agree 100% also the rich have access to loss carry forward tax offsets unlike the middle class and poor.
Anonymous Coward
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United States
11/29/2012 07:50 PM
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Re: Is the stock market just one "BIG" scam ? $9 Billion in outflows last week and the market is up ? What do you think ?
The stock market is a total SCAM!!!

One would think the interest rates banks have been charging over the decades on ligament business agreements would be fair, but that is a illegal SCAM too. So why in the hell would the stock market be legit?

Even our own federal government is full of liars and thieves.
Anonymous Coward
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11/29/2012 07:51 PM
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Re: Is the stock market just one "BIG" scam ? $9 Billion in outflows last week and the market is up ? What do you think ?
no way - just ask hillary clinton not a savvy investor but she made alot on cattle futures - gee wonder how
MuayThai

User ID: 28747528
Philippines
11/29/2012 08:16 PM
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Re: Is the stock market just one "BIG" scam ? $9 Billion in outflows last week and the market is up ? What do you think ?
no way - just ask hillary clinton not a savvy investor but she made alot on cattle futures - gee wonder how
 Quoting: Anonymous Coward 16800654


The insiders have the info and make the big money. No matter what they say, that is always how it has worked and always will work. The average guy with an Etrade account is always playing catch up or just gambling. Ask me because that is my experience.





GLP