I’m sure it’ll be different this time. The Fed has our back. We’ve entered a new paradigm. Forget the 145 years of stock market history. CNBC says it’s always the right time to buy. Buy Amazon at $700. It’s surely going to $1,000. They’ll generate profits any year now.
BWAHAHAHAHAHA! I’ll bet most of his investors were brain damaged liberal sheople who bought because of the connection to Klinton.
Chelsea’s Husband to Close Greek Hedge Fund After Losing 90% of Value
8:12 AM, May 11, 2016 | By Daniel Halper
Chelsea Clinton’s husband is reportedly closing his Greek hedge fund. The news from Marc Mezvinsky comes after the fund is said to have lost 90 percent of its value.
“It was a hedge fund portfolio pitched by Hillary Clinton’s son-in-law, Marc Mezvinsky, as an opportunity to bet on a Greek economic revival,” the New York Times reports.
“Now, two years later, the Greece-focused fund is shutting down, after losing nearly 90 percent of its value, according to two investors with direct knowledge of the matter who spoke on the condition of anonymity.
“Investors were told last month that the fund would close. The fund, Eaglevale Hellenic Opportunity, had raised $25 million from investors to buy Greek bank stocks and government debt.
“Eaglevale Partners, a Manhattan hedge fund firm founded by Mr. Mezvinsky and two former Goldman Sachs colleagues, raised money for the Hellenic fund at a time when some on Wall Street had hopes for a revival in the Greek economy. For a time, Mr. Mezvinsky appeared at hedge fund conferences promoting the Greece investment thesis.”
The fund failed despite high profile boosters. “Some of the firm’s earliest investors were Goldman partners, including Lloyd C. Blankfein, Goldman’s chief executive officer, who let Eaglevale use his name in marketing the flagship fund.
“It is not clear why Eaglevale waited until this year to close the Hellenic fund, which already had lost about 40 percent of its value by early last year.”
Via: http://www.weeklystandard.com/article/2002345
BUY…..BUY…..BUY>>>>>SELL…..SELL…..SELL
That was my impression of Jim Cramer. LOL If you want to know if you should sell it’s easy peasy, just look to see if Cramer says buy,buy,buy shares of that stock and you will know it is on the verge of tanking. Remember only sheep play in the casino.
Mezvinsky will be OK – Hilldebeast will tell him what to trade.
If only there was some theoretical basis for buying now . . .
https://en.wikipedia.org/wiki/Greater_fool_theory
I wonder what happens when they run out of fools?
https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
And then what after that?
https://en.wikipedia.org/wiki/Patriots_(novel_series)
Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City. During this “secret meeting“, a company known as “Chain” unveiled a technology that transforms U.S. dollars into “pure digital assets”. Reportedly, there were representatives from Nasdaq, Citigroup, Visa, Fidelity, Fiserv and Pfizer in the room, and Chain also claims to be partnering with Capital One, State Street, and First Data. This “revolutionary” technology is intended to completely change the way that we use money, and it would represent a major step toward a cashless society. But if this new digital cash system is going to be so good for society, why was it unveiled during a secret meeting for Wall Street bankers? Is there something more going on here than we are being told? http://theeconomiccollapseblog.com/archives/a-new-digital-cash-system-was-just-unveiled-at-a-secret-meeting-for-bankers-in-new-York
http://www.wsj.com/articles/record-breaking-container-ship-departs-us-shores-for-good-1462826134
Facebook went from $20 to $120 and they’ve just bought oculus rift(?). To the moon Alice.
Greetings,
An an Anarcho-Capitalist, I want to believe that the problem with the Market is lack of competition. But, that isn’t true as there are Markets all over the world and you can gamble your digits any way you please 24 hours a day, seven days a week. In so far as I can tell, there doesn’t appear to be any limitations as it appears to me that you can do pretty much anything you want. You can, after all, Short Stocks you don’t even own.
A crowd expresses itself and something as untethered as this has no choice but to reveal its true nature. Once it has expressed itself, I have no choice but to accept this revelation regardless of how I might “feel” about it.
With that said, the Markets have revealed themselves to be a Carnival Cruise Casino – nothing more, nothing less. Sometimes you can beat the house but even if you don’t, who cares? It isn’t your money.
NickelthroweR said:
” In so far as I can tell, there doesn’t appear to be any limitations as it appears to me that you can do pretty much anything you want. You can, after all, Short Stocks you don’t even own.”
That’s pretty much true until the meltdown begins and they bar the doors. I read the other day that big investors like hedge funds and mutual funds will not be allowed to sell their shares of bank stock under certain “market conditions”. I’ll bet the scum at the top won’t have that problem!
This situation is analysed here – with research behind it (technical;CAPE and others) and geopolitically (the global monetary reset) ttp://independenttrader.org/trader21-lecture-presented-at-fx-cuffs.html