Bearish trader on BBC News says the markets are run by fear and Goldman Sachs. Hilarity ensues.
Nothing this guy says is new or surprising. What’s noteworthy is that the media is so scripted that the only thing they know to push is UP UP UP. When it’s quite clear that things are going in the opposite direction, people should certainly follow the institutions and put their money elsewhere. The rub is that getting on the short side of the market is hard for “normal” people (or impossible, if they don’t meet arbitrary “account minimums”), and they’re actively told not to do anything “too risky” by shitty financial adivsors and the complicit news media.
I can’t stop LOLing - I love this guy; what an dick. He’s clearly contrarian and just trying to stir up shit with his 30 seconds of soundbite, just like all the other douches telling you everything-is-going-to-be-fine-don’t-call-us-we’ll-call-you. The assholes worth fighting, though, are those perpetuating the “put your money in mutual funds and hope for the best” people - they guys that dissuade the populous from thinking and educating themselves about how the markets actually function… i.e. obviously everyone else these anchors have ever spoken to.
HEY WALL STREET PROTESTY PEOPLE: Still looking for a cause that might actually **change** something? Raise awareness of the impossibility of “Main Street” to protect themselves in a down market, and the continuing lie we’re all told about the security of Mutual Funds. The vast majority of mutual funds working class Americans have access to are long only. The minority of long-short funds are still the domain of hedge funds and private asset management. They essentially serve as never ending pools of input money that gets sucked out by the people with the ability to take the other side of a trade. Somebody get me some cardboard and a sharpie, this could use a sign.
Based on Postage by Greg Cooper. Everything heavily modified by me.
*Unlikely to find your lost post using this but you can try...
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