Forum Post: Billionaires dump stock
Posted 11 years ago on Jan. 31, 2013, 12:56 p.m. EST by SingleVoice
(158)
This content is user submitted and not an official statement
Could it be that these billionaires see that after the last QE (quantitative easing) injection of money last year to prop up the stock market (the latest bubble) is running out and they know to get out of any consumer based stock to save their a** when the economy tanks again this year? Soros and Buffett are huge democrat supporters who have an "in" with the Fed, White House and Congress and Paulsen, a repub supporter, also has an "in" with the political elite. He was part of the subprime mortgage fiasco. The establishment ruling class elite in congress and the white house just keep padding each others pockets while the rest of us pay the price. Aren't you glad we kept the status quo in the last election.
I mean these people in power (white house and congress) have done everything to benefit wall street and wall street returns the favor by padding the pockets of the political elite. They tell us lies that many believed and got re-elected because of those lies and then kept the status quo. No one's been punished for tanking the economy and the financial system. Nothing has changed in 20 years. These people use a revolving door between wall street and the gov't. Most of the people in treasury and the fed are recycled wall street/ bank cronies. Maybe we need to take heed of what appears to be a warning that the economy is going to tank again and kiss our a** goodbye. Obviously we're not smart enough to get rid of these criminals. We keep voting them back in power.
When prices were low the suckers were selling and the con artists were buying. This happens every few years. Now we're 180 degrees out of that phase. The fools are buying and the cons are selling. How do you think they got rich?
In January of 2001 the market was high. I asked at agkaiser.org, now that they have their man in the white house, how long will it be before the Wall ST sheep are fleeced for the first time in the new millennium?
It was less than two months. The cycle used to be twenty, then ten years. 2001, 2004, 2008 was a record setting pace for a con administration. But the pros fall for that shit too.
Run Forest Run!
Kiss them good bye We will rearrange without that mess called WDC. There is no fixing it and without the mess things should be just fine, indeed!
They're not leaving. They're dumping the stock they own in consumer products. This means that they probably see the writing on the wall that the economy is going to tank again this year. That's why they're dumping their stock.
This information doesn't mean the "mess" is going away. It means the mess is worse than they're telling us. We'll never be "fine" with the same idiots that created this "mess" still in power and the voters keep voting the same idiots back every election. What a stupid electorate. Good luck this year. I hope we survive.
The article you posted is from Aug well before the the last QE you referred to in your post. Furthermore the stock market is approaching 5 year highs. ALL time highs in fact. The stock market has pretty much only gone up since this article. Except for the repub/tea party threat to crash the economy again the market has been the best part of the economy. Natch, the govt works for the wall st banksters Obviously the market will be good. Finally the article is from newsmax which is an obvious right wing partisan propaganda organization. So nice try.
The monthly infusion of QE money, 40 million a month, is what has made the stock market rise. It's phony (another bubble). Buffet, Soros and Paulsen have been quietly pulling their money out over the last 4 months. I think they know something being kept from the rest of us. With a growth rate of -0.1% last quarter, I think that is a better indicator of the economy. Even with the holiday shopping, growth plummeted over Oct, Nov and Dec.
When the economy crashes, it won't because of the tea party, it will be because of EVERYONE in gov't from the Pres to the congress, both parties, that caused it with all of it's bad policies. The tea party is a minority in 1/2 of 1/3 of gov't and has no effect on policies that have passed. Policies only pass with a majority.
As far as Newsmax, you're never going to hear the truth from the mainstream media or the gov't. I'm skeptical of all stories but the information in the article in Newsmax was also on all the trading websites from August thru December by different authors. Just because Newsmax is one of the ones to post it doesn't make it a lie. Those 3 dumping the stock is a fact. The reason is my opinion. Logical thinking tells me that for them to dump all of those stocks is a warning about that sector of the economy which is the consumer sector. Sometimes you need to look to all kinds of media from many viewpoints to get information and then disseminate the truth from that.
If you go on just reading the propaganda media, you'll never know what's really going on. I think that if these 3 people are selling off certain consumer stocks (which is a fact), it is worth looking into it to see what's behind it. I think it says that they feel that consumer spending is not getting better but worse and they would rather cash in now before the bottom falls out.
How do you know they've been pulling there money out overthe last 4 months? You're right wing article making that claim (without evidence as well) is 6 months old.
The economy contracted last qtr because of the cuts in govt spending (austerity) Austerity will do that. Time for more stimulus for job creation for the 99%
I don't trust the news source, I don't follow the stock sales of any 1%'rs. But I know they are always buying and SELLING. Consumer spending is up. not down. The only thing down that has created the slight downturn (-0.1% is not a plummet) is the govt cuts which in fact is the tea party/repub policy.
Believe what and who you like. WE MUST force the govt to start spending to create jobs for the 99%.
Its pretty interesting that the stock market is at all time highs with rampant debasing and high unemployement.
We all remember last time it was this high, all on fake money, what happened.
Will this time be different?
No this time will be worse. I was wrong about QE3 being a one time injection. It is actually a monthly injection of 40 million every month. Fake money is right!!!
OTP, you are correct. The fake money is what has propped up the stock market. The economy is losing ground with -0.1% growth last quarter. That's as close to recession as you can get. I do think that Buffet, Soros and Paulsen slowly and quietly dumping their stock in Walmart, Proctor & Gamble and other consumer stocks over the last 3 months is alarming because I think it foretells another bust in the economy looming. Of course, you won't hear about it in any of the mainstream media because Soros and Buffet are called "good guys" by the gov't and the media. The media & gov't wouldn't want anything to come out that might go against their propaganda that the economy is getting better.
Anyone with a brain can see that the economy is getting worse. The bread lines of the 30's is now the food stamp cards of the 21st century. 49% of Americans are using them. The actual unemployment rate is 24% but you'd never know it listening to the news and the gov't's phony numbers.
I think this year may be a rough road.
They announced 45 billion in August, I said it was the fundraiser that Obama had been waiting for :)
Then in December they added another 40 Billion to it:
http://www.usatoday.com/story/money/business/2012/12/12/fed-buys-treasuries/1762459/
So we are at a point where the markets are dependent on 85 Billion a month to just keep going. Thats insane. CNBC will tell you theres nothing to worry about, but thats what they are paid to do.
They are going to up the injections again soon. Everytime they do it, it loses more steam, and its a shorter amount of time before they have to do it again. I think almost anyone can see where this heads to. Currency collapse. Its happened all throughout history. It will surely happen again.
The govt is owned by wall st banksters, no surprise they recovered fine. WE must get money out of politics in order to take our govt back. As far as last time. That was clearly the right wing/Bush crashing the world economy, extorting a trillion dollars by threatening to freeze the credit market, in a last gift to the 1% corp plutocrats, and a desperate attempt to affect the election. Will THAT happen again?. Not likely, they don't have as much control, the wealth in the market is mostly their own now, there is no election to attempt to affect, They know we don't have the money or patience to bail them out again. The bail out hurt their public relations (a bit), created the OWS movement which has shone a light on the issues of the inequity of wealth, pay, taxes, lack of bankster prosecutions, money in politics, and others. So I don't think that conjob/mugging/scam will happen again. A crash can occur again. The banksters have been pressuring the republicans not to default because they do not want that crash. The banksters know the people will rightly blame them and rise up. Which crash are you concerned about.?
"They know we don't have the money or patience to bail them out again. "
They are currently taking 85 billion of bailouts a month, which will add up to a trillion by the end of the year. So the people clearly havent caught on. Which means they are ripe for another plucking.
At this point it should be obvious "they" dont care about Dems or Reps, and never really have, because whoever owns what chamber its still the same nonsense.
Im not sure how crashing teh economy would have helped the right. We could have ran Mickey Mouse and he would have beaten McCain. Maintaining confidence in teh "democracy" is more important to them than either side winning, because it keeps the masses distracted and spending.
The economy goes into recession every 4-6 years regardless, so even if we were on a real recovery, we would be due for a down tick. But this isnt real, so the crash Im talking about is the reality that all the currencies are bullshit, and with central banks all over the globe openly talking about currency wars now, its prob not too far off. Combine that with their massive and sudden quest for as much gold as possible, and TPTB are putting the writing right there on the wall.
"No one saw the housing crash"....anyone who believes that is insane. Who could not have seen that bubble? 1500sq/ft houses doubling in price over 5 years? Not saying that you said that, but Ive heard it so often and its just total bullshit.
Anyone who doesnt see this one coming is the same person "who is still waiting for their AOL stocks to hit $200/share again"....
See what coming? I mean we may have recessions every few years but this last great recession has no comparison but for the great depression. You seem so confident that a crash will come. How will it happen? what will collapse? Housing? If you follow housing you would know the recovery in housing has begun and we no longer have the housing problems that created the last housing bubble.. Are you preparing for a crash? How? What can I do?. I have a family and a mortgage. Please don't keep it to yourself. Share the knowledge.
I will say that housing has experienced a boost, but its mainly just large investors picking up scraps or huge parcels that have been packaged together.
Blackstone announced its buying 1 billion worth of FL real estate in the Tampa market. Thats having an effect, but its all with 0% interest rates, and its not normal home buying, its all big money, centrally planned nonsense.
Housing isnt recovering at all. Anyone who has been in the housing market since the 1970's has been in the market of declining interest rates. They are at 0. Housing never does well with increasing interest rates. But rates are going to have to start going up sooner or later, the markets just wont tolerate fake ZIRP policy for much longer.
The problem is that since the last crash, all the things that caused it havent been addressed, they have only gotten worse. FrankDodd only made the big banks stronger. LIBOR scandal should have been groundbreaking, instead its not even talked about. QE up the freakin yahoo, and record profits for multinationals with declining wages.
Honestly, there isnt much the average guy can do. Try to make sure your line of work is in something that is a staple- People will mortgage their house to get the AC fixed in Florida, but no one cares about designer rugs when they are broke. Im only 32, so Im not too certain of what to do with retirement money, but I know that funtioning staples are more recession resistant than niche markets. Commodities will always be in need, no matter what happens.
Some say that housing is going to get a boost from inflation, but inflation is going to drive rates higher, so that should negate any gains that would be affecting the entire market. Its just SO overbuilt, and people overspent by so much, I cant see it getting back to normal levels of lending, rates and whatnot for a very long time.
Banksters have still been slow to lend. But housing sales are recovering. Housing is regional so it is still stuck in the most difficult (poorest) ares. So you don't think the corrupt Fed buying up the bad mtgs from banksters is going to encourage banks to lend? The real problem with housing and the economy. So if we can get some jobs (infrastructure, greentech, vets) bills past the corrupt politicians who have blocked every job creating effort we can avoid another recession.
In the end we must get money out of politics and implement a public banking option that might compete with these corrupt, LIBOR manipulating banksters. Break up the banks!
To clarify leaving: We will be functioning as a nation someplace besides there. Yes it is stupid we allow this "fed" not even located in our United States to take hold of us. Whatever and who are bought are not much concern because our best case would be to be done with "fed" money situation and just start again in our free land where the people make decisions as will be so.
Who is "we"?
Who ever is willing to step up to the plate and do what is right to keep our country with original intent Never police state because it makes the country not as such to represent or enforce made up laws. No harm intended none done the entire law. Simple Kind and cost effective to is:Define freedom however you see fit and allow others the same what is personal choice is between individual and their God however they define it. Love one another! The WE is all speaking of FREEDOM because that is all there is. ALL ONE...
You are a keyboard warrior. I adore you. You make my happy stick rigid!
Why must I be contained to a keyboard, technology is not my high point. It sounds like you will be in favor of our fast track political kicker WE PARTY. It was announced here OWS forum last week and has received first official endorsement. A main point is the separate church and state thereby restoring our freedom to define Liberty however we so choose. Much more such as the actual cost to operate government when done as should be is 10%, with consideration to current crisis reasonable must do adding 10% more for this shit. I looked forward to input but have gotten quite the opposite here so I appreciate your kindness. Lovin you ALL ONE P.S. of course all wars end forever as we establish worldwide FREEDOM...
Your rant is completely incapadible with the so- called "progressive movement".
The ever progressive movement apparently is not something to which you attach yourself what makes you think that you should tell me any thing for a worldwide movement, is of little matter though you have no idea to who you are even speaking. My "so-called" rant happens to define this free land WE understand you to be sent these so-called attempts are futile. Forward over
Well if the billionaires were dumping stocks, why is the DOW at 13,860 - the highest it's been since 2009? Apparently that handful of billionaries aren't having much of an effect.
Now that is not to say that 1 month from now we will be heading towards another depression -
They aren't "dumping!" The billionaires don't dump. The sheeple do. In a good con the selloff isn't noticed. But someone is bidding the prices up to that all time high and someone is selling those stocks to the suckers who're buying. Later when the bubble bursts, the billionaires won't be dumping. They'll be buying back what they sold as the con inflated and what's dumped in the predictable crash.
since 2007! 5 years!
Dumping trillions directly into the stock market the last four years has some interesting effects.
Because Quantitative Easing by the federal reserve prints up an additional $85 Billion every month and a large portion of it lands in the stock market (via mortgage backed securitization) where it props up stocks through computer traded buying.
Thank you team Obama/Geithner/Bernanke!!!
Forward!
You are right - I forgot about the QE3 - it has had a hugh impact on stocks. It's just a matter of time before the "bubble bursts".