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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:MuayThai:MV8yMDY2NDU5XzM0NzY5ODIyX0FDM0RDQTE3] [quote:Anonymous Coward 16800654:MV8yMDY2NDU5XzM0NzY5MzkzXzM0OUJDQ0FC] no way - just ask hillary clinton not a savvy investor but she made alot on cattle futures - gee wonder how [/quote] 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. [/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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