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Coleman

(847 posts)
5. This shows that the stock market has nothing to do with the econmy.
Mon Jun 8, 2020, 03:31 PM
Jun 2020

Sure in a normal time good business or bad news can dictate what the market will do. But in reality the market is based on buys and sells. Trumps billionaire friends are pouring money into the market, driving it up. Then after the election (regardless who wins) they will dump the stocks and the market will crash. His friends would have made millions of dollars, the small investors who follow the trend will lose their shorts. Buy and sell is all its about.

I worked for a company that spawned a new company. I watched the stock of the new company, at a low it would be around $9 o $11, then it would start climbing to about $32, then crash back down to $9, then start climbing, then crash, then climb, then crash. It was the the guy who created the company but held no position with the company playing the market. Doubling and tripling his money with each cycle.

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