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Shame on you, Icahn October 8, 2013

Posted by hslu in stocks.
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Stock markets in the U.S. are manipulated by rich people like Icahn who front runs small investors, tweets about his large holding on certain stocks, profits from his tweets and gets away from it.

Shame on you, Icahn.

Here is what I mean:

The headline of an article on CNBC’s website on 10/7/2013 reads like this:

“Shares jump on Icahn’s energy company tweet”

Here is the tweet according to CNBC:

“Disclosed approx 61 million share position in Talisman Energy. May have conversations with mgmt re strategic alternatives, board seats, etc.”

After the tweet, Talisman’s stock jumped 9% after market closed that day.

In August 2013, Icahn’s tweet on Apple pushed AAPL’s market capitalization up by $17 billion.

This kind of open manipulation is unjust, unethical and above all unfair to small investors.

It should be banned.

The solution is simple:

Icahn should tweet his intention to sell his holding three days before he actually sells them.

This is only fair.

Bernanke is at it again, but July 13, 2011

Posted by hslu in Economics, Energy, Global Affair, Gold, jobs, Oil, Politics, stocks.
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Will QE2.5 and QE3 generate jobs?

The answer is “NO.”

It will pop up stock market which Bernanke is intended to do. The rational behind that is people will feel richer and will spend more, hence, stimulate the sagging economy.

But the next run of printing will inevitably increase the commodity prices which will negate any wealth effect bought on by higher stock prices.

Here is the $64 million question:

Will you go out buy a car or a house if your stock portfolio is up by 15% but you food and transportation cost is up by $250 a month?

No way. Not when your neighbors are out of work since March and your wife’s job is on the line.

That’s why QE2 didn’t work and that’s why QE2.5 and QE3 will not work either.

But inflation will be worse all over the world and we will all suffer because of Bernanke’s reckless action.

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