Published: Thursday, Dec. 12 2013 4:00 a.m. MST
The DOW is driven by economic news, not sales and products of the individual
companies.The market movers are data on unemployment and consumer
confidence.That's rumor and speculation.The Fed has killed
savings rates and bond yields. How much more damage can they do?
Lets call it gambling, pulling the handle on the slot machines. Even the well
informed arm chair investment wizards think they know and understand investment
accounts. The fact is investment accounts specialist do not disclose any
downside affects of market being manipulated by the wealthy stock holders who
have billions of dollars to play with to make a million dollars and hour profit
or loss.Long term the stock market is the worst investment workers
make. SSI or Social Security will pay more in benefits and longer than any
investment scams. In the 2000's when thousands of baby boomers had plans to
retire it shook the market so badly it destroyed all the gains and retirement
dreams of those with 401k and investiture accounts. SSI is sustainable lifetime
benefits, investments may have a life span of 10-15 years then investors are
broke.The crash of 1929 destroyed millions of workers lives and lost
all their money in stock investments they thought were sound. The market is
currently at the same point of the 1929 crash with no SSI to fall back on now.
Its worse than a bubble, its a balloon with holes in it that will sink.
Insanity is doing the same thing and expecting a different result. That's
what the Feds are doing.
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