RE: RE: Stocks Will Reach All Time Highs- Here Is Why... (05.12.20)
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RE: Stocks Will Reach All Time Highs- Here Is Why... (05.12.20)

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I personally feel the people in charged, such as the FED and government are cunning and somewhat sneaky. They are trying to do what benefits the rich while let the middle and lower classes rot. They take care of their constituents and themselves first. For instance FED is mandated by law to not allow to purchase individual loans such as you or my mortgage but is allow to buy a package mortgage from a bank as a mortgage back security. Banks greed thrives by creating mortgage back securities that are worth a lot less than face value but sell it to the FED at face value or higher value price and collect the difference. The banks also earn transaction fees when they purchases are made. The banks make a profit and those who own their stock shares earn a profit.

To summarize most stocks are majority own by institutions and the rich. Having the stock market higher will benefit the rich hence the current bounce from March lows. By the time prices rich to a high point and retail starts to buy they will be buying at higher prices and be bag holders. Hey this current upswing may have been it to pull retail to invest into and rich to sell out?

@mawit07: I personally | Ecency