Tim Iacono at The Mess That Greenspan Made and Joe Weisenthal at Clusterstock on TrimTabs’ Charles Biderman’s talk on the strange action the equity markets. – Ilene
"The only logical buyer is the government"
Courtesy of Tim Iacono at The Mess That Greenspan Made
From last Friday on BNN, Charles Biderman of TrimTabs talks about the odd goings on in U.S. equity markets last year where low volume and the lack of identifiable buyers have caused more than a few people to suspect that things are not as they appear.
Biderman says that in after-hours S&P500 futures markets, as little as $5 to $10 billion a month in buying could be responsible for a large part of last year’s gains and, when you think about it, $5 to $10 billion a month for the U.S. government in 2009 was "chump change".
