Wall Street-Where did the Money go?

Isn’t anyone questioning why these markets are trading the way they are? Wall Street always states that the public are the ones who make the markets move. They make you believe that normal every day people like “Joe the Plummer” trade their large stock portfolios or mutual fund positions on a daily basis. It reminds me of our elected representatives, they make you believe that because we elected them to office that you are in control when in fact they do whatever they want for whom they want regardless of what we desire.

 

On Thursday January 15, 2009 the Dow Jones was down as much as 200 points when the Senate and Congress were determining two important legislative decisions. One was to pass an 850 billion dollar stimulus package which they did which really was not the major factor in market activity. It was the Senates second hand out to Wall Street of 350 billion dollars which was the market mover. It is so obvious that so many people knew about the losses reported on the 16th of January 2009 by Citigroup (8.3 billion losses) and Bank of America/Merrill (118 billion losses) with a 20 billion dollar infusion as well. Supposedly this information was released on the 16th of January yet actions by our Senate were taken to calm the markets the day before and European markets traded higher prior to the information being released. Can some one tell me what’s wrong with this picture?

I seem to recall a SEC rule about insider trading. It is also called front running in trading.

The markets to day are being manipulated which got us in this mess in the first place. Markets are trading up not on good profit reports but on cash transfers to loosing corporations.  I have asked this question over and over. In every transaction there is a winner and a looser. Where is all this money going? We are supplying our Investment Banks, and our Banks and Insurance Companies with billions of dollars they supposedly lost. Where did the money go? I believe some one especially our Government should let us know since the taxpayers are paying the bills. I have my own conclusions to this question. But, I need a confirmation.

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