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More from Charles Biderman
Wednesday, January 20, 2010
It's nice to see that TrimTab's CEO Charles Biderman is getting lots of air time to talk about how the company that specializes in tracking investment money flows can't figure out whose been buying enough stocks to keep the price moving higher for almost a year.
Of course, few people seem to be complaining about the miraculous rise in share prices as it has cured many problems in financial markets such as bank solvency and the like. If the Federal Reserve really has been propping up the stock market, do we really want to know?
A better (but not embeddable) version of this clip is available here from Bloomberg.
4 comments:
"If the Federal Reserve really has been propping up the stock market, do we really want to know?"
I've been following your blog for a couple of weeks. I just took it off my RSS reader.
So, is that because you thought I was serious or because you thought I was joking?
Centrally planned asset prices are deemed to be necessary to keep the member bank profits high. Centrally planned interest rate spreads also.
No thought has been given to how this will affect the general economy. Its all about the banks that own the central banks. Someone else is supposed to deal with the unintended consequences of centrally planned rates/prices via "regulation".
I think you have to read Tim for more than two weeks to know when he's serious, when he's kidding, and when even he's not sure whether he's serious or kidding.
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