Wall Street: Bulls, Bears, and Pigs

See my earlier entry today about the Communist (assertion supported in several earlier entries this week, and over the weekend) pigs on Wall Street grunting at the public trough and demanding "more".

 

One clever Wall Street person worked out that we are now back in a "bull market" in stocks because the "market" gained more than 20% (the definition of a bull market) from Friday's low to Tuesday's morning high.

 

What that shows you is several unpleasant truths:

 

1.  Present market trading is dominated by fictional moves (on any one day) caused by hedge fund type trading.  These violent swings are unhealthy, whether they are up or down.  They show a Wall Street dominated by gambling pigs, rather than "investors", and it is getting worse.

 

2.  Wall Street reporters lie to you every day.  These wild moves have to do with short term computer and hedge fund momentum trading (on individual days like today), and these solemn pronouncements about fundamental reasons for the wild swings are lies.

 

3.  Wall Street people are generally pretty stupid in their superstitions.  "Bull market" and "Bear market" are meaningless terms as far as predicting what the market will do for the next week, month or year.

 

4.  Wall Street is trying to use these unhealthy market swings as extortion to give Wall Street people socialistic control of our economy.  Instead, we should be trying to reduce the ability of irrational Wall Street swings to affect us.  One aspect of this is to directly reduce the swings themselves, by direct regulation of the pigs on Wall Street (instead of granting them socialistic control of our financial system and economy.   Yes, they scream like stuck pigs at every suggestion of limiting their investment "freedom", but the hypocrites are willing to force our entire country into Communism in order to keep their game playing going.

 

5.  Although it is by no means a "solution" to the speculative game playing, we should ban short selling for at least six months.  Meanwhile, we should work at figuring out means of limiting the hedge fund type game playing, without ruining the freedom of investing.

 

6.  One of the things that Wall Street is "demanding" is that hedge funds (Wall Street speculators) "too big to fail" be bailed out by the U.S. taxpayer.  Wall Street people saying that should be taken out and summarily shot, or at least be hit in the face with a pie while pigging out at the public trough (where you will find them every day, these days).   These people say that Paulson "cleverly put one over on Congress and the taxpayer by wording the "bailout bill" language so that hedge funds are included in the entities that can be bailed out.  If so, Paulson should be fired and deported to New Jersey for fellow former Goldman Sachs CEO John Corzine to take care of him.  Yes, Paulson should already have been fired several times over, but at some point people are going to be motivated to get out the pitchforks (Frankenstein reference) and go get rid of the monster..