muses of the moment

April 25, 2012

Pump and Dump

Filed under: DOW and S&P500, Economic Crisis, The Financial Crisis — totallygroovygirlfriday @ 10:56 am

Click here for Jesse’s blog post about S&P and of course, the long-awaited return of JC to save the economy, otherwise known as Apple.

Make sure you watch the video clip. It explains how insiders in the 1920’s would pump up a stock (by buying the MSM), get the smaller investor in, and then sell. They still do that today and Apple is a prime example. Facebook will be our next example. Yes, 100 years later, there are still insiders and suckers, only now they are called muppets.

Side musing: did your hear about Egan? Click here. SEC goes after any rating agency trying to remotely look at the real numbers and actually speak truth and educate investors. This is a clear signal to independent rating agencies, fall in line or be out of business. You will have to do your own due diligence. SEC is now the officially a hit-man for the Family, otherwise known as TBTF. Be careful out there.

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