CNBC BLOOMBERG Phony Market Crash
The Dow was down 180 points yesterday something I saw coming a mile away. Once the price of oil moves over the $70 a barrel number the big hedge funds and money funds stage a concerted sell off to force security prices down. They then turn around and buy them back at the lower prices. Most of us little investors are forced to sell into the sell off because of the fear of taking more of a loss than we can handle. No coincidence this happened on Monday and the prices were already down before the market opened. That way there is no way you can do anything about it, it has already happened.
It is an easy way for money managers to make a ton of money when the market starts to stall. If there is no catalyst to continue the market up trend they can always resort to this tactic to keep the money flowing in. The financial experts will show up in force explaining the reasons why the market is “correcting”. There will be hours of conversation on CNBC and Bloomberg discussing investor fears and ominous looking indicators, continuing recession, the end of the world, whatever. Everyone will shake their head in agreement. The experts are right; we should have seen it coming just like they did. Right?
Wrong. The money managers who created the sell off will now buy the shares they just sold back at the lower price they created and will now start to talk the market back up. Legions of experts will now show up on CNBC and Bloomberg to tell us how encouraging the outlook is for the rest of the year and now is the time to buy before you get left behind and miss a run up in the Dow.
You fools! You’ll believe the whole speil and follow the advice of the thieves who need you to follow their advice. There is no criminal penalty or federal regulation for thievery at this level. The thieves are Harvard Business School graduates the best and brightest among us. Only their smart enough to understand how the global economy works and therefore when to buy or sell stocks. Or at least they can sound that way.
How much money did you lose in the market yesterday? I started to reduce my energy share holdings last week. I got caught in this sell off scheme last time they pulled it off and it was then that I recognized the pattern. Americans are being robbed. Thieves are respected as shrewd money manages (e.g. Bernie Madoff) and the police are called congressmen or regulators, (personally, I think their all one and the same), and the suckers and victims are called the American People.
Reminds me of a saying my mother use to level at me when I was young and gullible. “Someone will spit in your face and you’ll think it’s raining out”.Tell me friend, was it raining yesterday?
