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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 ?
Ms Sans Serif
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[quote:Anonymous Coward 28621700:MV8yMDY2NDU5XzM0NzY5Mjk5X0Q1OEM0Rjgy] [quote:MuayThai:MV8yMDY2NDU5XzM0NzY4NjUyXzUxNUUxNkJG] 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. [/quote] I agree 100% also the rich have access to loss carry forward tax offsets unlike the middle class and poor. [/quote]
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
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