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View Diary: The Stock Market is Not Crazy and the Republicans are Toast (210 comments)

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  •  Yup. Taibbi's vampire squid. (3+ / 0-)
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    ozsea1, Nailbanger, k9disc

    That's exactly right.  And the legislative vehicle moving those indices upward is 401k and the like.

    The guys on Wall Street really believe they're the smartest ones around, writing incredibly arcane and complex financial derivatives, in indecipherable mathematical language    

    But at the end of the day, the prices of those commodities and stocks are held into liquidity by the masses consuming them.

    That would be the working schlubs buying the gas for their cars and pumping dollars into IRA's and 401K's.

    My avatar- a penciled sketch of the grieving Iraqi son, of murder victim Saeed Chmagh. Shot to death by an American apache helicopter on July 12th, 2007 while working for Reuters new service.

    by Boberto on Wed May 01, 2013 at 06:21:18 AM PDT

    [ Parent ]

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