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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 847149:MV8yMDY2NDU5XzM0NzY5MzgyXzVBODdDRDdD] 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. [/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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