Author Topic: Goldman to Fidelity Call for Calm After Global Stock Wipeout  (Read 430 times)

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Offline happyg

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Goldman to Fidelity Call for Calm After Global Stock Wipeout
« on: February 05, 2014, 07:30:08 AM »

Offline Oceander

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Re: Goldman to Fidelity Call for Calm After Global Stock Wipeout
« Reply #1 on: February 05, 2014, 11:40:34 PM »
Quote
igns of a weakening recovery come as the U.S. Federal Reserve affirms plans to cut stimulus that has propelled a 160 percent rally in the S&P 500 since 2009.

And that is all that the "free" money from the Fed - courtesy of US taxpayers - has done: driven up stock prices.  And it is quite possible that this trillion dollar loss is the result of the really smart money - those way out on the edge of the curve - realizing that the party's over and that it's last call time at the Federal Reserve Saloon and Printing Press; so they're getting out, converting paper profits into real profits and, most likely, putting those profits into assets other than those that sink or swim with the US dollar.


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