I would like to know: WHO took all the money out of the stock market yesterday?

[garybeck]

Maybe I'm just jaded and skeptical, but I don't get the feeling that regular old people holding stocks were rushing to Charles Schwab to sell off their holdings yesterday.

could it be that the wall street executives were pissed off that they weren't getting their 700B and said, "OK congress, you don't want to give us the money? We'll show you what we can do to your economy then."

a coordinated effort by these companies could cause the market to crash, causing congress to panic and work again to find a way to send the cash.



was the average joe rushing to the sell their personally held stocks, just because they were disappointed the bailout failed? the thing that doesn't make sense here is that the polls show the average joe was against the bailout.

or... was wall street sending a message to congress?

the more the stock market mirrors efforts to send cash to these companies, the more something doesn't smell right to me.

[Virginia Dare]

1. I don't know, who were the people who went rushing down to Wachovia..

and took their money out Thursday and Friday? The crisis is all about panic, and whether it's manufactured or organic, right now there is a panic.

[garybeck]

8. but suddenly the panic is over, just because they're trying to work on another bill?

the panic shouldn't be tied to the bill. the panic should be tied to the state of the economy. and most people don't think the bill is going to save the economy. which makes me wonder.

[Virginia Dare]

12. How do you figure the panic is over?...

did I miss something?

[truedelphi]

15. Since the 1960's, there ahs been a huge amount of money inside black ops

And since they are black ops, by their very nature, even Congress is not allowed to know about the money and what it does.

Over the years I have had a couple of friends who were employed by stock brokerage firms and they noticed that sometimes the unexplained just happened.

I mean why is it that we were told by M$M that our $ four fify a gallon gas was just the way it was, and that prices could only go up, all due to the end of peak oil, and that there would be no relief?

Then whammo, just as many of the pension Admins started putting them oney into the oil markert, collapse!

[ThomWV]

2. Pension funds, mutual funds, you name it.

[garybeck]

9. and who controls these holdings?

need I say more?

[ThomWV]

16. They are called "fund managers" Haven't you got one?

I had the impression that Mutual Funds had become what little replacement americans have come up with to replace what once used to be called savings. At any rate, for those of you who save nothing, when you sign up for a fund you will get literature from time to time giving you the specifics of what your fund is doing, where the manager intends to take it, and other tid-bits you might find either instructive or maybe predictive.

[garybeck]

18. and who controls the fund managers?

need I say more?

[mhatrw]

27. Exactly. Wall Street cronies, one and all. n/t

[fascisthunter]

3. oh yeah... I thought about this as well... I do think this Crisis

is coming from Wall Street, and I do think most of it, is being manufactured by the same who took advantage of deregulation.

[EFerrari]

4. I think that's an excellent question, garybeck.

:thumbsup:

[Ichingcarpenter]

5. I asked the same question in a thread I started

Got one answer on it of a huge financial moving money out.


What companies or mega billionaires sold stock yesterday and how much


http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4132627&mesg_id=4132627

[slackmaster]

6. People who are dumb enough to rely on Glenn Beck for financial advice

:nuke:

[orwell]

7. Traders...

...were trading a trend and it pulled in some of the weak holders to sell as the situation got out of hand. The last 170 points in the Dow were market on close orders.

BTW this is the last day of the quarter so it's time for end of quarter window dressing by the fund managers. Got to keep those performance bonuses coming in...

Fear and greed...same as it ever was...

[scheming daemons]

10. My brother works for PNC... said people were pulling their money and putting into T bonds

That's not the fat cats.... that's *US*.

[Virginia Dare]

14. It was too late to do that yesterday...

Bonds will drop like a stone once interest rates start coming back up, and they will quickly. That's why people make so much money on Wall Street, they know when not to panic. It's kind of like a good poker player who knows when to hold 'em and when to fold 'em.

[TomInTib]

11. Just about everyone I know is standing pat.

I tend to agree with your initial theory.

[hughee99]

13. Of course it's corporate...

but since most "regular old people" don't actively manage their holdings (401k, IRA, etc) themselves but rather go through some fund manager to do it for them, it doesn't mean it wasn't the average Joe and Jane's money being pulled out.

[notadmblnd]

17. Seems to me it all was a bit manufactured

no different than a thug going in and robbing the liquor store really. "Give us he money or the cashier gets it." They tried to incite panic by cashing out. I imagine some were even hoping for violence. BTW did any one hear of reports about the protest on Wall Street yesterday? Were there any arrests? Not a word from MSM on this. I wonder why? Do they not want us to know about the people protesting or did their plans to give old georgie an excuse to call out the troops on American people fail? the only thing that is sure any more is that when their lips are moving, they are lying.

[EFerrari]

21. Didn't the selling peak while the vote was still open? n/t

[Mist]

24. Yeah, I had the feeling the "panic" was as phony as astroturf. On the other hand,

Wall St. and gov't can make it real, even on phony premises.

[Junkdrawer]

28. Self Delete - Posted Wrong Spot

[LSdemocrat]

19. You'd be surprised just how much wall street and finance people operate in a pack mentality

Very little independent thinking, a whole lot of looking at the neighbors to see what they're doing, because no one wants to be caught on the wrong end of things.

[gravity]

20. Everyone who panicked yesterday

Yesterday was scary especially with little certainty that the government was going to act on the bail out bill. Investors panicked and took their money out to ride everything out.

When there are signs that this bill will get passed again, investors started to buy in anticipation of the news later this week.

[deaniac21]

22. I beleive the saying is:

Bears make money
Bulls make money
Pigs get slaughtered

[trof]

23. You're right. I'm one of Schwab's ROPs*.

*Regular Old Person.
:rofl:

I'm retired and my IRA is at Schwab.
I own no common stocks, just preferreds and debt instruments.
I've taken a bit of a hit ON PAPER, but see no reason to sell.
Sooner or later it will come back up.

[TreasonousBastard]

25. Read up a little on the history of the market and how fund..

managers have this herd instinct problem. Then read up on program trading, short selling, and how you legitimately hedge your bets.

Then, after finding out about circuit breakers, floor specialists, and other Big Board rules, come back to us with more conspiracies.

[LiberalHeart]

26. Margin calls?

[Junkdrawer]

29. Kinda like a "Reverse Plunge Protection" Action...

...

The conspiracy theory holds that these officials buy S&P 500 index futures through major Wall Street trading desks, with money from the Exchange Stabilization Fund, a $38 billion Treasury Department account to buy currencies on the open market and secret government offshore accounts. Believers say these activities are coordinated out of the Fed's New York branch on Liberty Street in Manhattan, just a block from the NYSE.

True believers — many on the Internet, as might be expected — point to public statements by no less than Alan Greenspan. During a speech given on Jan. 14, 1997, at a university in Leuven, Belgium, Greenspan said: “We have the responsibility to prevent major financial market disruptions through development and enforcement of prudent regulatory standards and, if necessary in rare circumstance, through direct intervention in market events.”

Richard Russell, who has seen it all in his nearly 50 years of publishing the Dow Theory Letters, is no conspiracy theorist by any means. But even he has openly wondered about the remarkable ability of the indices he tracks so closely to recover so consistently from the technical trading fault lines they have flirted with so often in recent years.

Russell told his 12,000 subscribers in mid-October of last year that he has “never been a big believer in manipulation and the so-called ‘Plunge Protection Team.’” But, he proceeded to muse about the events of a trading day that month. “Manipulation? This morning's breadth on the NYSE was down by a big plurality of 1400, but the S&P and the Dow were actually higher? This was truly extraordinary, and I wondered whether possibly the Fed was buying S&P futures in an effort to put a floor under the market.”

...


http://registeredrep.com/mag/finance_stock_markets_da /

[AnnieBW]

30. I Kinda Did

I sold my shares in the S&P aggregator, Spyder, yesterday. Although I used the money from that to invest in some other stocks this morning to diversify my small portfolio.