Our Bubble Economies have all been contrived by rich professional crooks (otherwise called Republiscam Bankers).
The Major Banks realized way over twenty years ago that with computerized trading they could move the market up and create the feeling that all is well. They can actually trade the same shares over and over and over and over again to create the impression that a stock is moving UP and UP and UP and UP when there is absolutely no reason for it to move up to twice its former value or P/E ratio.
They could do this with stocks across the board and actually force the market to new Price to Earnings ratios that made no sense. All the buyers knew was that it was going to go UP some more, so they might as well get in now.
The 87 market crash was contrived by several houses. At that time they proved that if they started a panic, just like lemmings the "investors" would continue the frantic sell off. For those on the inside, 1987 actually was frightening. Yet, they knew that they could tank the market with almost any kind of cover story. Once they crashed it the goal was to get it up and up again to maximize profits if they personally bought at the bottom, and they did.
The Tech stock bubble ten years later was totally manipulated by banks like Goldman (No Ethics) Sachs. They took the tech stocks to astounding and outrageous valuations! I used to look at P/E ratios, but during the Tech Stock Bubble realized that most of them did not have earnings, so P/E was no longer a valid consideration. Once the Republiscams had maximized their profit, they sold their positions gradually so as to not create another 1987, and then let the tech stock bubble gradually decline and then burst by 2001.
Imagine that! Stocks that had no earnings finally stopped magically soaring up and up, and then started plummeting down and down.
The Republiscams took short personal positions in the tech stocks at the top and cashed in at the bottom. EASY MONEY! And then they went long on the major tech stocks again because they knew they could move them back up, even if most of the minor ones were doomed to die.
Fantastic profit opportunities if you could manipulate the stock market and the Republiscam Bankers knew how after years of experience.
To make money, you just had to be a friend of the bankers to be on the inside on where they were taking the stock market. If you were on the outside, you probably lost your money.
After the Tech Stock crash they had to bring the market back up again, so they did that with improved computer trading. Yet, to take it to heights never before seen, they had to have an easy source of money, so that is where the Republiscam bankers came into the equation again, with their Mortgage Banking Scam and Fraud. That nonsense injected Trillions of Dollars into the economy while Bush was trying to inject Trillions more with two asinine phony wars against Third World Countries and scads of government spending (and debt creation) to pad the pockets of his Military Industrial Complex friends. Any good Republiscam President remembers his M.I.C. friends because they can always pay off in their debts during the President's retirement.
Well, with all that free money, the economy was really ROLLING, but when houses were bid up with all of that easy money to nearly twice their actual value across the country, (EVEN HIGHER IN SOME PLACES LIKE CALIFORNIA) that bubble burst. The economy crashed and the Republiscam Bankers placed personal bets that it would happen. Once it hit bottom in March of 2009, they placed personal bets that it would return to normal valuation. And with Bernanke's Free Federal Money, guess what, the market returned to former valuation. AMAZING!!!!
AMAZING WHAT A FEW THOUSAND CORRUPT REPUBLISCAM BANKERS CAN ACCOMPLISH NOW THAT THEY KNOW THEY CAN CONTROL THE STOCK MARKETS, THE NATIONAL ECONOMY AND THE WORLD ECONOMY. IT IS AS EASY AS SNAPPING YOUR FINGERS. AND YOU DO NOT EVEN HAVE TO WORK FOR THE MONEY.
WORK???? HELL, THAT IS FOR THE LITTLE PEOPLE.
The Bankers knew that was going to happen, so they took out personal short positions on the Market, and even shorted Fanny and Freddy and made money on their collapse.
Well, now we are in another Bubble. How high will they take it. When will Bernanke cut back on his Free Federal Money program? If you know that you will know when to short the market.
Republiscams = Republic Scammers = Those who scam the government = Traitors
They are Fat Cat Industrialists, Bankers and Politicians of any party who have taken over our country for the practice of their religion which is the worship of money and the massive accumulation of same by any means possible - Scam, Murder, Fraud, Bribery, Wars.