Hi Sarah,
I have not participated much in a while, but am a little spooked now. The soothsayers are saying American based stocks are in for a BIG tumble, and it might be imminent. What happened over the past 5 days might just be a small foretaste.
I heard that Warren Buffett and George Soros are both pulling most of their wealth out of American based stocks. You KNOW will ripple, and clobber the S and C funds as well, right????
Is NOW the time to switch all S and C fund holdings into the G fund?
Thanks,
Steve.
From: TSP_Strategy@yahoogroups.com [mailto:TSP_Strategy@yahoogroups.com]
Sent: Thursday, March 26, 2015 10:57 PM
To: TSP_Strategy@yahoogroups.com
Subject: [TSP_Strategy] Re: Fwd: New York Post: Stock market rigging is no longer a 'conspiracy theory'
John Crudele says the stock market is rigged because:
1) Ed Yardeni, a longtime Wall Street guru who isn’t one of the clowns of the bunch, said flat out last week that the market was being propped up. “These markets are all rigged, and I don’t say that critically. I just say that factually,” he asserted on CNBC.Yardeni’s claim is the most basic one: that the Federal Reserve won’t do anything that will upset Wall Street and, in fact, is doing all it can to help the stock market.
The job of the Federal Reserve is to conduct the nation's monetary policy by influencing money and credit conditions in the economy in an effort to obtain full employment and stable prices. If that is being "rigged" then the markets are always being rigged in that way.
2)The Wall Street Journal carried an intriguing story on March 11 about how the Bank of Japan was “aggressively purchasing stock funds.” (The Journal is owned by News Corp., the parent of The Post.)
“By directly underpinning the market, [Bank of Japan] officials have tried to encourage private investors to follow suit and put more money in stocks in the hope of stimulating the economy and increasing inflation,” read the report with a
The Bank of
3) Companies have been aggressively buying back massive quantities of their own shares.
This is done for only one reason...to make money. The companies feel that their stock is undervalued and that purchasing more shares will be profitable. This isn't rigging. Its called investing in your company.
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