The NASDAQ index is hovering around 4,387. If it surpasses 4,388 it will set a new 52 week high and also be the highest the index has been since April 2000.
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NASDAQ Poised to Set 52 Week Record; 14 Year High
- Thread starter InTheLight
- Start date
thisnumbersdisconnected
New Member
Fed admits that stock market gains are tied to Central Bank manipulation
Over the last six years, the Federal Reserve has printed trillions of dollars in stimulus money. Some estimate it to be as much as $6 trillion, enough to pay off a third of the national debt. Using QE and "Operation Twist," the Fed is funneling the cash, intended to provide more "spendable income" throughout the economy, into the stock markets. Former Fed Head Ben Bernanke said last year that "the positive results of QE was a rise in stock market prices." Google "Fed manipulation of stocks" and you'll get stories dating back to 2009 speculating or providing outright proof that is what is happening.
Get a clue ... The Fed's charter mentions nothing supporting equity markets with currency fresh out of the Mint. Their primary objective, legislatively, is to subdue inflation and keep unemployment low. They have abandoned that strategy in favor of open manipulation of the domestic markets, which can't help but have an effect on international markets as a result. Over the past six years, the Fed has focused on stocks as the primary indicator for creating economic growth. Illegally.
Stop trying to act like this "stock market boon" is anything but smoke and mirrors. Anyone with a brain knows better.
Over the last six years, the Federal Reserve has printed trillions of dollars in stimulus money. Some estimate it to be as much as $6 trillion, enough to pay off a third of the national debt. Using QE and "Operation Twist," the Fed is funneling the cash, intended to provide more "spendable income" throughout the economy, into the stock markets. Former Fed Head Ben Bernanke said last year that "the positive results of QE was a rise in stock market prices." Google "Fed manipulation of stocks" and you'll get stories dating back to 2009 speculating or providing outright proof that is what is happening.
Get a clue ... The Fed's charter mentions nothing supporting equity markets with currency fresh out of the Mint. Their primary objective, legislatively, is to subdue inflation and keep unemployment low. They have abandoned that strategy in favor of open manipulation of the domestic markets, which can't help but have an effect on international markets as a result. Over the past six years, the Fed has focused on stocks as the primary indicator for creating economic growth. Illegally.
Stop trying to act like this "stock market boon" is anything but smoke and mirrors. Anyone with a brain knows better.
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To quote another BBer:
Please take note, you're using a report that's sixteen months old!!!!. See if we can stick to this year, please.
[http://www.baptistboard.com/showpost.php?p=2121594&postcount=29]
Article is from Feb, 2013. Since that time the Fed has been tapering off the bond buying purchases, market keeps going up. It must infuriate you!
LOL! You think the Fed is injecting money directly into the stock market? <SMH>.
Why don't you explain how the Fed is propping up the stock market. I can do it in two sentences or less.
BTW, I'm still waiting for you to post how much of the QE3 money went into the stock market and also how much bond buying by the Feds compares to other debt holders (by percent, please, on a monthly basis, please.)
When you find those answers you will know that you are simply parroting right wing Kool Aid. Besides, the fact that the Fed has been aiding the stock market through QE is no secret. The market knows this and simply shrugs it off. Earnings fuel market gains. Yes, the Feds QE programs were tailwinds to help it along but it's not the main driving force.
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thisnumbersdisconnected
New Member
Sure ... a month ago good enough for you?To quote another BBer:
Please take note, you're using a report that's sixteen months old!!!!. See if we can stick to this year, please.
US manipulation of stock market will end badly
No, your ignorance of the situation infuriates me, and frankly I don't know why. It shouldn't. But you're getting as bad as Poncho, only going the other direction, touting rose-colored-glass visions instead of blaming complex conspiracies.
BTW, I'm still waiting for you to post how much of the QE3 money went into the stock market [/quote]One-poiint-six trillion. How's that?
Done.
I'm not the one on this thread drinking the Kool-Aid. The problem is, you think yours is Dom Perignon. I'll leave you to your fallacies. You obviously enjoy them.
Problem loading page.
InTheLight said:
That is the total amount of QE3. So it ALL went directly into the stock market??!!!
I'm still waiting for you to tell me how the QE3 money gets into the market (if it does...). Also how much the QE3 bond buys are relative to the total bond buys per month.
NASDAQ closed at 4,397.93. A new 14 year record.
thisnumbersdisconnected
New Member
Send a thank you card to the Fed ...
And to temper your celebratory mood, read this.
Obvious you know nothing about the NASDAQ ... and I bet the stock market in general. The DOW and the NASDAQ are very different animals.
Not sure where you picked up this urban myth, but myth it is.
[
Send a thank you card to the Fed ...
If you would just explain to me how the Fed QE3 money gets into the stock market, I would consider it.
Yes, there will be another crash. >Yawn<
Yes, you are correct, especially when you consider the effect of QE3 on these separate markets.
poncho
Well-Known Member
The Great American Economic Growth Myth
Yesterday, I discussed the real use of economic data when it comes to investing. However, it was extremely interesting to see the vast amount of analysis being done to dismiss the dismal Q1 report and push the "hope" of a better tomorrow. It was in this context that Mohammed El-Erian made a very astute comment:
"As analysts scramble to explain away this morning's sharp and unfavorable revision to the first-quarter's gross domestic product, it's tempting to dismiss that 2.9 percent drop given that weaknesses in the health-care sector was a major driver of the contraction...
Overall, the first-quarter drop — the worst in five years — involved very broad sectorial weaknesses that spoke too much more than the negative impact of bad weather and industry-specific factors like health care. It also points to underlying economic conditions that remain weak and concerning despite several years of healing facilitated by exceptionally accommodative monetary policy."
Since the end of the financial crisis, economists, analysts and the Federal Reserve have continued to predict a return to higher levels of economic growth. As I showed in my discussion of the Fed's forecasts, these predictions have continued to fall short of reality.
Continue . . . http://www.zerohedge.com/news/2014-06-26/great-american-economic-growth-myth
Yesterday, I discussed the real use of economic data when it comes to investing. However, it was extremely interesting to see the vast amount of analysis being done to dismiss the dismal Q1 report and push the "hope" of a better tomorrow. It was in this context that Mohammed El-Erian made a very astute comment:
"As analysts scramble to explain away this morning's sharp and unfavorable revision to the first-quarter's gross domestic product, it's tempting to dismiss that 2.9 percent drop given that weaknesses in the health-care sector was a major driver of the contraction...
Overall, the first-quarter drop — the worst in five years — involved very broad sectorial weaknesses that spoke too much more than the negative impact of bad weather and industry-specific factors like health care. It also points to underlying economic conditions that remain weak and concerning despite several years of healing facilitated by exceptionally accommodative monetary policy."
Since the end of the financial crisis, economists, analysts and the Federal Reserve have continued to predict a return to higher levels of economic growth. As I showed in my discussion of the Fed's forecasts, these predictions have continued to fall short of reality.
Continue . . . http://www.zerohedge.com/news/2014-06-26/great-american-economic-growth-myth