Federal Reserve Announces Bond Buy Program to End in Oct. Stock Market Rises

As of 9:47 a.m. today (July 10, 2014) the market is down over 116 points.

I'm sure by the end of the day however, government money will indirectly find its way into the market to balance that out. :BangHead:

 

http://www.baptistboard.com/showpost.php?p=2126168&postcount=1

 

Amid all the talk of recovery by politicians, economic officials and big business leaders, the fundamental numbers behind all the propaganda tell a starkly different story.

Home sales have dropped to record lows, more people are out of the workforce than anytime in the last 50 years, and cash-strapped consumers have run out of money to fuel economic growth.

By all meaningful measures the American boom times of old are gone.

A recent report from the Department of Health and Human Services suggests that we may have already reached the tipping point and that things are only going to get worse going forward.

According to the HHS, nearly half of all Americans are now dependent on some form of government benefit just to put food on the table. And of our population of 310 million, nearly one in four receive welfare benefits.

That’s over 70 million people who, if the government safety nets broke down due to lack of funding or a monetary crisis, would be starving on our streets right now.

The sheer magnitude of the numbers is shocking. What’s worse is that they are indicative of a continuing down-trend that won’t be improving any time soon.

Read More At: http://www.shtfplan.com/headline-news/shock-report-the-collapse-is-now-70-million-people-would-be-starving-in-the-streets-without-government-welfare-programs_07092014

Is the U.S. stock market rigged?

Steve Kroft reports on a new book from Michael Lewis that reveals how some high-speed traders work the stock market to their advantage.

The following script is from "Rigged" which aired on March 30, 2014. Steve Kroft is the correspondent. Draggan Mihailovich, producer.

This month marks the fifth anniversary of the current bull market on Wall Street, making it one of the longest and strongest in history. Yet U.S. stock ownership is at a record low and less than half of Americans trust banks and financial services. And in the last two weeks, the New York attorney general and the Commodities Futures Trading Commission in Washington have both launched investigations into high-frequency computerized stock trading that now controls more than half the market.

The probes were announced just ahead of a much anticipated book on the subject by best-selling author Michael Lewis called "Flash Boys." In it, Lewis argues that the stock market is now rigged to benefit a group of insiders that have made tens of billions of dollars exploiting computerized trading. The story is told through an unlikely cast of characters who figured out what was going on and have devised a plan to correct it. It could have a huge impact on Wall Street. Tonight, Michael Lewis talks about it for the first time.

Steve Kroft: What's the headline here?

Michael Lewis: Stock market's rigged. The United States stock market, the most iconic market in global capitalism is rigged.

Read More At: http://www.cbsnews.com/news/is-the-us-stock-market-rigged/

 

The market goes up the market goes down. One day does no make a trend.

Here is the trend:



See how it has bounced off the bull support line numerous times?

As always be very careful and selective in your stock picks. On the best of days there are companies that decline and on the worst of days there are companies that go up.

 

Notice how much the currency has been devalued? Cui bono?

 

I've explained it and explained it and explained it, and perhaps you'd better read the post again.

 

Actually you have given your opinion repeatedly, but as far as I remember you have never given a link backing up your assertion. I really believe you have no idea about how any of the markets work. The NYSE and the NASDAQ are quit different in how they operate. The DOW is a good indicator, but it is not the entire picture. There a number of DOW's. Most people are familiar or have at least head of the DOW Industrial Index, but taht is only one of the DOW indicators.

 

Gee whiz, there you go asking for proof. Opinion is his proof, don't you realize he is infallible in his opinions?

I really wonder if some on the BB ever read?

 

There's some here that sure enough can't spell.