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It's no secret that Hedge funds are propping the market up. The legendary 777 point drop after the bailout bill didn't pass was caused by hedge funds in the final minutes when the market was only down 400 points. In the olden days people like you or I could manipulate the market up or down.. today we can't even do anything.
With that report that they plan on selling $200 billion worth of stocks in the coming months... well, that's not good news.
Here's my Carmer favorite.
I thought the guy was going to have a stroke that day...
[youtube]SWksEJQEYVU[/youtube]
I hope nobody bought WAMU on that recommendation!
It's no secret that Hedge funds are propping the market up. The legendary 777 point drop after the bailout bill didn't pass was caused by hedge funds in the final minutes when the market was only down 400 points. In the olden days people like you or I could manipulate the market up or down.. today we can't even do anything.
With that report that they plan on selling $200 billion worth of stocks in the coming months... well, that's not good news.