"Stocks shouldn't be this high!!!!" - Larry Fink CEO @ Blackrock

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"Stocks shouldn't be this high!!!!" - Larry Fink CEO @ Blackrock
Anonymous Coward User ID: 10516227 Philippines 07/14/2016 10:45 PM Report Abusive Post Report Copyright Violation	"Stocks shouldn't be this high!!!!" - Larry Fink CEO @ Blackrock "I don't think we should be at new highs," Larry Fink, CEO of BlackRock, the world's largest asset manager, told CNBC. He pointed to signs that retail investors haven't joined the move higher in stocks. [link to money.cnn.com] It's all fake, people. FAKE! FAKE! FAKE! Fake and a trap. Get out while you can. Get your money out of stock and into dried white rice. Dig a big hole and jump into it and wait there with your piles and piles of rice.

Anonymous Coward User ID: 38180711 United States 07/14/2016 11:01 PM Report Abusive Post Report Copyright Violation	Re: "Stocks shouldn't be this high!!!!" - Larry Fink CEO @ Blackrock Its called "padding" the market, in 1929 the big banks in NYC new black Monday was coming months in advance. So they ran up the value of the stock market to the point where when it crashed they wouldn't lose their initial capital. Meaning they lost nothing the market just collapsed to what the banks originally put in.
Anonymous Coward (OP) User ID: 10516227 Philippines 07/14/2016 11:15 PM Report Abusive Post Report Copyright Violation	Re: "Stocks shouldn't be this high!!!!" - Larry Fink CEO @ Blackrock Its called "padding" the market, in 1929 the big banks in NYC new black Monday was coming months in advance. So they ran up the value of the stock market to the point where when it crashed they wouldn't lose their initial capital. Meaning they lost nothing the market just collapsed to what the banks originally put in. Quoting: Anonymous Coward 38180711 What ran up the market in 1929 was masses of individuals buying on margin up to 95%. What is happening now is completely different. Aver nation that has a central bank also has a PPT (plunge protection team). They have put over 100 trillion dollars into global stocks since 2008. It is like they are filling a Uhaul with fertilizer and diesel.
Anonymous Coward User ID: 38180711 United States 07/14/2016 11:24 PM Report Abusive Post Report Copyright Violation	Re: "Stocks shouldn't be this high!!!!" - Larry Fink CEO @ Blackrock True, 1929 didn't have derivatives which by some accounts leverage the market 100 to 1. For the banks to dig themselves out of that crash the Dow would have to be at around 1,850,000 instead of 18,500.
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