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Is Wealthy Liberal American forcing the stock market down to influence the Election? (Vanity)
5/12/04 | Heff

Posted on 05/12/2004 11:24:55 AM PDT by Heff

Is it possible that the wealthy liberal elites are dumping their stock positions to tank the market? This my not be a very conherent therory, but I think its very possible.


TOPICS: Business/Economy
KEYWORDS:
Any thoughts?
1 posted on 05/12/2004 11:24:57 AM PDT by Heff
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To: Heff
And probably going short as well.
2 posted on 05/12/2004 11:26:24 AM PDT by Ron in Acreage
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To: Heff
if so, then it's way too early.
3 posted on 05/12/2004 11:27:15 AM PDT by camle (keep your mind open and somebody will fill it with something for you))
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To: Heff
That would create profit opportunities that other liberal investors would take advantage of. Liberals don't admit it, but they like to make money.
4 posted on 05/12/2004 11:27:40 AM PDT by Jack Wilson
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To: Heff
Not likely. One thing about wealthy liberals, they tend to be much greedier than wealthy Republicans. They'd suggest to others to take such action, but never themselves.
5 posted on 05/12/2004 11:27:54 AM PDT by theDentist (John Kerry for President? BWAHAAAAhahahahahaaaaaaaaaa!!)
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To: Heff
hmm, let me guess...
6 posted on 05/12/2004 11:28:40 AM PDT by prophetic
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To: Heff
"This my not be a very conherent therory,..."

You got that much right.
Almost.

7 posted on 05/12/2004 11:28:41 AM PDT by Redbob
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To: Heff
Money will always triumph ideology. Plus, even rich liberals can't influence something as big as the stock market for 6 months...
8 posted on 05/12/2004 11:29:48 AM PDT by 2banana (They want to die for Islam and we want to kill them)
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To: Heff
Yes, the Liberal elites are dumping hundreds of trillions of dollars today, and absorbing the loss just to make the market go down before the election. They don't earn money like the rest of us. < /sarcasm>

Hint: Buy low, sell high.

I love cycles like this. This is how you make 335% on your investment a year, like I have. Buy NOW ... in a month or so, when the market recovers; the stock you got (which was horribly abused for no reason) will recover, then you sell it. AMD is my favorite. They are down 85 cents for absolutely no reason. They made 300% more than predicted, Intel has no competing 64 bit desktop processor; and MS will soon be releasing WinXP-64.
9 posted on 05/12/2004 11:29:59 AM PDT by Hodar (With Rights, comes Responsibilities. Don't assume one, without assuming the other.)
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To: Heff
I hope they are.

Anybody stupid enough to think they can control the market deserves to lose everything.

I hope they are selling reeeaaaallllly short.

That way they can lose everything and then some.
10 posted on 05/12/2004 11:30:06 AM PDT by E. Pluribus Unum (Drug prohibition laws help fund terrorism.)
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To: Heff
Nah. Just some speculators out there worried about rate hikes and energy prices. I think Greenspan should go ahead and hike the rates .5% to get the air out. Once that happens the markets will settle a little and rise.
11 posted on 05/12/2004 11:30:47 AM PDT by aft_lizard (I actually Voted for John Kerry before I voted against Him)
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To: Heff
Nope. Warren Buffett and George Soros are losing their butts on their bets (wish) that the dollar would get weaker. A possible change in dollar policy is the major factor, plus it's been awhile since we've had a significant correction. Just look at all the economic data. It's very good.
12 posted on 05/12/2004 11:32:12 AM PDT by Moonman62
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To: E. Pluribus Unum
Actually some of what we are seeing is some movement out of equities to cover some really stupid dollar shorting in FX markets. Not all but some of it.
13 posted on 05/12/2004 11:33:15 AM PDT by CasearianDaoist
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To: Heff
Weren't the other catsup brothers caught trying to corner the silver market?
14 posted on 05/12/2004 11:33:51 AM PDT by js1138 (In a minute there is time, for decisions and revisions which a minute will reverse. J Forbes Kerry)
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To: CasearianDaoist
Actually some of what we are seeing is some movement out of equities to cover some really stupid dollar shorting in FX markets.

I know.

Ain't it cool?

15 posted on 05/12/2004 11:34:55 AM PDT by E. Pluribus Unum (Drug prohibition laws help fund terrorism.)
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To: Heff
No way. Too much money is overseas money, or is managed by private institutions. Both will buy if they think there is opportunity.

Fear of interest higher rates & energy prices are the primary concerns.
16 posted on 05/12/2004 11:35:20 AM PDT by handy
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To: Heff
How about the speculation that is driving oil prices through the roof?
17 posted on 05/12/2004 11:36:08 AM PDT by Free the USA
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To: Heff
This is the type of thing that the DUers see everytime the market goes up -- except that then it is conservative rich people buying stock to help Bush. No one person would have that much influence on the market and it is doubtful that all the "rich liberals" have had some sort of meeting to discuss and implement this strategy. Probably more conservative business types in the market than liberals anyway.
18 posted on 05/12/2004 11:36:11 AM PDT by hankbrown
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To: Heff
"Is it possible that the wealthy liberal elites are dumping their stock positions to tank the market? This my not be a very conherent therory, but I think its very possible."

My very question, just now.

19 posted on 05/12/2004 11:37:12 AM PDT by redhead
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To: Heff
Even the wealthiest Americans own such a small stake in the companies traded on U.S. exchanges that they couldn't possibly have a major impact on it.
20 posted on 05/12/2004 11:39:00 AM PDT by Alberta's Child ("Ego numquam pronunciare mendacium . . . sed ego sum homo indomitus" -- William Wallace (Mel Gibson))
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To: Jack Wilson
That would create profit opportunities that other liberal investors would take advantage of...

..And conservatives, too!

Series, guys, this is VWRC tin-foil talk. If someone wants to sell his portfolio down, let him. You can play games with a small market like a particular stock or even a commodity (where are the Hunt brothers now) or sometimes a currency, but not the whole stock market--at least not in a way that is predictably beneficial to the manipulator.

21 posted on 05/12/2004 11:39:18 AM PDT by Pearls Before Swine
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To: Heff
Hmmmmm? Isn't Soros known for making much of his money through that exact method.

Soros, sugar daddy to the left and the pro-dope crowd.

22 posted on 05/12/2004 11:39:49 AM PDT by CWOJackson
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To: Heff
Where the stock market is in May is not relevant to how voters see the economy in November.

You must remember too that liberals are as greedy and selfish as anyone else. They're not going to go broke just to elect John Kerry.
23 posted on 05/12/2004 11:40:40 AM PDT by Tall_Texan (The War on Terror is mere collateral damage to the Democrats' War on Bush.)
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To: js1138
The Hunt brothers of Texas (Bunker and brother), but I don't believe that they were in the catsup business....
24 posted on 05/12/2004 11:46:48 AM PDT by tracer
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To: tracer
I'm not sure they were, but are you sure they're not?
25 posted on 05/12/2004 11:49:10 AM PDT by js1138 (In a minute there is time, for decisions and revisions which a minute will reverse. J Forbes Kerry)
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To: Heff
Could it be neo-con Keynesian Socialism is strangling the nation?

Could it be debasing the currency at Banana Republic rates is not the road to prosperity?

Could it be guns, butter, free drugs for Africa, runaway social spending and free pills for Granny?

SHEESH!

26 posted on 05/12/2004 11:50:34 AM PDT by AdamSelene235
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To: Heff
The trick would be to make sure that drug kingpins and Mafia families are aware of who might be putting a turd in their money-laundering machines.

Why seek to bite scumbags when you can go to the dog pound and get a mean, mongrel leg-biter for little or no money???

Failing that, there's always the SEC (/sarcasm).....

27 posted on 05/12/2004 11:50:56 AM PDT by tracer
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To: js1138
Different family of Hunts I think.
28 posted on 05/12/2004 11:53:22 AM PDT by kms61
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To: Heff
If they are wealthy by virtue of stock holdings, they are too smart to throw their money away like that.
29 posted on 05/12/2004 11:55:04 AM PDT by ElkGroveDan
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To: js1138
They were oil boys, not ketchup boys.
30 posted on 05/12/2004 11:57:29 AM PDT by sharktrager (The greatest strength of our Republic is that the people get the government they deserve.)
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To: Heff
No, I think peopel are over-reacting to the prospect of higher interest rates, it's kind of annoying if you ask me.
31 posted on 05/12/2004 11:57:39 AM PDT by Conservomax (shill: One who poses as a satisfied customer or an enthusiastic gambler to dupe bystanders into part)
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To: Heff
No. The hot economy indicates Fed tightening of interest rates making 1) future bond interest payments more attractive than stocks, 2) interest expense to corporations rise, and 3) inserting cooling pressure into the consumer / housing economy.

In other words: The whole Stock Market losses of the last few days can be directly tied to A TREMENDOUSLY SUCCESSFUL ECONOMY.

The stock market had baked into prices both great actual economic growth and low actual interest rates. When the low interest rate environment was called into question by hot economic news and likely Fed tightening, stock values reacted accordingly. One good pillar of value (low rates) was removed, and values declined.

No mystery.
32 posted on 05/12/2004 11:59:56 AM PDT by Uncle Miltie (Islam: Nothing BEER couldn't cure.)
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To: Heff
Since the top two billionaires listed about two months ago in Forbes--Bill Gates of Microsoft and Warren Buffet of Bershire Hathaway--are long-time demoncRATS, take a look at the company's insider trading. You'll find that Gates and his top people have been dumping the stock for two years or better. Buffet is a billionaire only because he never had stock splits, but Wall Street keeps hailing him as the smartest man in the financial industry. I find it so laughable that the demoncRAT party likes to bill itself as the party of the people and malign the Pubby Party as the party of rich when the top two billionaires listed by Forbes for about 8-10 years was, is and are big demoncRATS.
33 posted on 05/12/2004 12:00:50 PM PDT by lilylangtree (Veni, Vidi, Vici)
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To: Heff
Any thoughts?

very unlikely.

34 posted on 05/12/2004 12:10:54 PM PDT by fourdeuce82d
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To: Heff
No. The booming economy is going to force the Fed to raise interest rates soon. That will pull money out of the stock market into the bond market. The stock market will soften.

The market is just discounting a very likely future event.

35 posted on 05/12/2004 12:15:25 PM PDT by ModelBreaker
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To: Heff
no
36 posted on 05/12/2004 12:16:48 PM PDT by Darth Reagan
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To: Heff
How about George Soros? I think he's done something like this before, eh?
37 posted on 05/12/2004 12:17:37 PM PDT by Lopeover
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To: lilylangtree
They could both sell off 100% of their holdings and it wouldn't even register on the radar. That's the beauty of an enormous and free securities market.
38 posted on 05/12/2004 12:22:31 PM PDT by waverna (I shall do neither. I have killed my captain...and my friend.)
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To: ModelBreaker
Yeah, but don't you think interest rate increases are a bit overdone?

I'm not making any long term bets but I do think the market is terribly oversold and went shopping close to todays lows. I expect a pretty good rally over the next couple of days if only because of the oversold condition.
39 posted on 05/12/2004 12:25:34 PM PDT by Proud_texan
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To: Heff
Keep posting threads like this. My tin foil futures are going to make me a bundle of money!
40 posted on 05/12/2004 12:26:03 PM PDT by blau993 (Labs for love; .357 for Security.)
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To: Heff
Is it possible that the wealthy liberal elites are dumping their stock positions to tank the market?

No

This my not be a very conherent therory,

Correct

but I think its very possible.

You think wrong.

41 posted on 05/12/2004 12:27:54 PM PDT by Protagoras (When they asked me what I thought of freedom in America,,, I said I thought it would be a good idea.)
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To: 2banana
Plus, even rich liberals can't influence something as big as the stock market for 6 months...

Or six minutes for that matter.

42 posted on 05/12/2004 12:28:59 PM PDT by Protagoras (When they asked me what I thought of freedom in America,,, I said I thought it would be a good idea.)
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To: E. Pluribus Unum
Look at the US markets now. The program trading click right in and scooped it up. A whole lot of fools poorer and a few smart@ss quite a bit richer. What is funny is that the media was trying to play it as an Iraq problem. Ket us hope they push the down back up a couple of hundred points this week.
43 posted on 05/12/2004 1:05:02 PM PDT by CasearianDaoist
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To: CasearianDaoist
I was down $2500 at one point today and finished $500 up.

Please don't throw me in that briar patch!
44 posted on 05/12/2004 1:07:35 PM PDT by E. Pluribus Unum (Drug prohibition laws help fund terrorism.)
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To: Heff
"This my not be a very conherent"

LOL, well, could not have said it better myself.

45 posted on 05/12/2004 3:42:15 PM PDT by cavan
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To: Hodar
Absolutly correct!! This is why I continued to buy even after 9-11 when eveyone else was panicking. The Stock Marget gets over-inflated and must reduce prices of stock. Plus there's the small fact that the media doesn't understand, or doesn't want the people to understand what the numbers mean, and therefore use it for political gains.

Also, this theory may make sense if it was only the US market hit, but the world, in general, is in recession with the US as only one of a very few countries making headway.
46 posted on 05/13/2004 5:35:43 AM PDT by M1Tanker (Modern "progressive" liberalism is just NAZIism without the "twisted cross")
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