raccoon
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Jan-27-06 11:37 AM
Original message |
Propping up the stock market? |
|
Do you ever wonder if somebody is propping up the stock market?
Think about it. Suppose you've got a million invested in stocks/mutual funds. You've got a lot more than most Americans, but to the stock market you've small potatoes. Of course, you don't want to lose what you have.
Then think how much somebody who has umpteen million would feel about losing what he/she has.
Seems to me the ultra-wealthy/power elite would go to great lengths to keep the stock market from crashing.
|
BlueEyedSon
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Jan-27-06 11:49 AM
Response to Original message |
1. Go Google "plunge protection team" nt |
raccoon
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Jan-27-06 12:00 PM
Response to Reply #1 |
4. Thanks. That's scary. nt |
elehhhhna
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Jan-27-06 11:50 AM
Response to Original message |
2. The promise of a quick runup due to an infusion of Soc Sec "reform" |
|
money was propping it up, imo, unttil recently. Can't for the life of me figure out how they're holding it up now...although some sectors are suddenly showing brazillions in profit (for which they now largely go UNTAXED).
If reeps really gave a crap about manipulating markets AND keeping the middle class docile, they'd have asked each business to hire a few damnned people.
|
European Socialist
(1000+ posts)
Send PM |
Profile |
Ignore
|
Fri Jan-27-06 11:51 AM
Response to Original message |
3. Maybe that's where some of the 9 billion missing in Iraq went. |
DU
AdBot (1000+ posts) |
Fri Apr 26th 2024, 02:56 AM
Response to Original message |