Forum Post: Record online Christmas sales in history after protest. DOW up 490 points
Posted 13 years ago on Nov. 30, 2011, 5:54 p.m. EST by DunkinDonut
(11)
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Looks like you had a party and nobody came.
14th Consecutive Week Of Stock Outflows: Retail Refuses To Go Back Into Stocks No Matter What Market Does
So much for engineered stock market "rallies" and global "bailouts" - per the latest ICI update, we can now confirm that no matter how or what the market does, retail investors have firmly decided that the ridiculous market volatility is simply too much for most, and have withdrawn another $3.7 billion from domestic equity funds, and have now taken out money for 14 straight weeks ($44 billion) since the US debt downgrade (but, but, the S&P barely lower), or 31 weeks ($130 billion) if one ignores the statistically irrelevant blip of a $715mm inflow on August 17. Perhaps instead of trying to fabricate a makeshift price for the SPX which nobody believes any more, the Fed should focus on moderating the insane volatility which is the primary reason preventing any normal investors from putting cash into stocks. And yes, $6.2 billion went into bonds, despite the record low yields. Said otherwise, retail investors have withdrawn $214 billion from domestic equity mutual funds since the beginning of 2010. Put a fork in stocks: America's infatuation with the stock market is officially over.
http://www.zerohedge.com/
Up 490 in a classic bear trap set by the Federal Reserve to screw retail investors. Just another backdoor way of redistributing the wealth of the many to the Fed's few favorite Wall Street banker gangster friends.
Yeah, because the Federal Reserve is able to directly influence the dow industrial index over the course of a day.
Yes. But only for a day or two at a time. They gave a false impression to the markets that something was being done when all they were doing was propping up the banks that S&P downgraded this morning by shoving a lot of free money into them. It was an artificial action that the Wall Street game players then manipulated upward using market ETF's to make it look like there was a rally going on. But volume told the real story. Low volume says that it was just a few players punching up the market. there is no solid volume support beneath this uptick. It can fall on no volume just as it was goosed up on no volume. A bear trap.
You realize that stock market manipulation is a felony that was outlawed after the crash in 29 right? It's a form of insider trading.
Along with tooth fairies.
What?
The Private central bank parceled-out cash to European Banks to save their precious piece-of-paper called the Euro. They gave billions of dollars, which made American and European investors happy, which made the DOW go up.
For now.
A week later it will drop down again and the top 0.1% will pocket their winnings. Watch this video for more information on how all this stuff works. BTW the Fed has provided 7700 billion in total bailouts, "quantitative easing" (printing money), and derivatives. MAX KEISER VIDEO - http://rt.com/programs/keiser-report/
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Consumers react to news of bailouts too. But the DOW is reacting to market news, not being outright manipulated, there is a difference.
Already refuted those story on www.occupynews.net
http://www.occupynews.blogspot.com/2011/11/media-spins-2011-black-friday-record.html
What matters most is that credit card transactions continue to drop as debit card purchases replace them.
The next step is to add a buy american day to remind everybody how little we are buying from america.
Somebody can't read. The title says ONLINE record sales. i.e. MONDAY not friday. The previous record was 1.1 billion and this past monday surpassed that.
Still would like to know what percent was debit card purchases versus credit card purchases. Although for online purchases probably wise not to use a debit card.
The point being credit card purchases are the stake used to drive into the heart of middle america because of the high interest rates that DO NOT in any way benefit your local community.
I don't have to.
The market charts are screaming lower highs and lower lows since spring.
Commodities analysts are warning of a greater downside than upside potential.
I agree.
It may not be tomorrow but chances are the markets will be much lower before they go higher.
The Fed liquidity pump did nothing for solving any problems in the banks. It only served to make things worse because the problems in the banks are not liquidity related.
IMPEACH the entire Federal Reserve Board of governors. the whole bunch are frauds working for the Wall Street gangsters.
You overlooked the first part of the post. We had an "historic" pre-Christmas sales event, during, a protest to tell people not to spend money. The protest did not work. Nobody is listening. You may be wrong.
I chose to overlook a patently stupid and false correlation.
I guess people do overlook a failed plan. Stock market continues to provide buy low sell high WEALTH everyday. People will still spend as they overlook the background noise.
Yep, looks like the public was duped into giving away their money which they will need shortly as the economy gets worse.
Will you be commenting if it goes down 500 tomorrow?
It is currently tomorrow.... It didnt go down 500 points.
This is turning into a sad Jennifer Aniston movie. Good idea, poorly executed and little turnout.
It's not even a good idea. I'm not 1% but "I wanna be a Billionaire" but actually dont. They are going after the wrong people for the wrong reasons. This movement was really about the fight to raise taxes to support the lazy liberal agendas. "Knit-cap Heads" out for a party to get more money for a new Iphone. There could actually be movement if they had started out in the very beginning to identify very rich liberals in congress and or, the George Soros types. They didnt. They attacked wealthy republicans and it was very apparent across the country that this was a political stunt to raise taxes. This movement was a failure and they just havent figured it out yet.
The movement is about getting rid of undue corporate influence and corruption in our government. How anyone could be against that is beyond me.
WRONG PEOPLE!!!!!!! My God you people. If you liberals would bring down a VERY RICH liberal in congress the rich republicans would dive out the windows. Your after the wrong people. Unless,,,,,, you really want a liberal agenda where the poor have continued to get poorer for 50 years while the rich liberal democrats get richer,,,,,,, is that what YOU really WANT????? Then you got what you voted for, whats your problem?
Nobody mentioned targeting specific individuals rather then the very flawed and corrupt system as a whole. Do you feel our system is working?
Does RANDOMLY capitalizing WORDS make for COGENT arguments?
YES it DOES make for a COGENT argument. When protesters carry signs with a raised fist, does THAT add to a cogent arugment? Does yelling or chanting at a protest add to the cogent argument?
I was more interested in how sales figures went sky high and occupy was telling people not to buy. Nobody is listening to your noise.
Don't blame me.
I didn't buy anything, and never go near Wallyworld.
It went up over Euro stabilization and another bail out in China.
You should visit Reuters more often.
There was no bailout in China, the amount of money required for banks to keep in their reserves was reduced, allowing for money to flow into the market.