Showing posts with label Stock Rally. Show all posts
Showing posts with label Stock Rally. Show all posts
Thursday, January 7, 2010
Market Rally Explained by Fed/Treasury Conspiracy
Ah, the first grand conspiracy theory of the new decade. That's what my email tells me anyway. A friend informed me about a story that a major Wall St. research shop has publicly said it thinks the Fed and Treasury are behind the massive stock market rally of 2009. According to sources (the WSJ's MarketWatch and Financial Times), founder and CEO of TrimTabs, Charles Biderman, claims that the money required to raise the market so much could not be accounted for, hence the government must have done it. I'm paraphrasing of course, so let's see what he really said:
Labels:
Econ Policy,
EconoPseudoScience,
Fed Conspiracy,
Markets,
PPT,
Stock Rally
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