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To: ExxonPatrolUs
Of course those with vested interests with keeping us in stocks (dumb retail investors) will always claim the stock market is the place to be. They need someone to distribute their shares to.

What I find stunning is the level of ambivalence the stock market has had for the terrible economic conditions worldwide. The market is trading like nothing is wrong in the world.

The idea that there is a mass of corporate cash reserves is another myth spouted by the Wall Street lackeys over at Fox Business News, CNBC and Bloomberg. If that were so why not funnel all those reserves into big dividend payouts?

9 posted on 11/28/2012 1:17:22 PM PST by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
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To: Sam Gamgee

Someone studied this a while ago. People will keep trading stocks well beyond the point of no return, no matter how well informed, not stopping until the inevitable crash is imminent.


12 posted on 11/28/2012 1:52:41 PM PST by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com)
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