Trillions of stock inventories, which bought during March 2009, to sell -- obviously -- with price manipulation. Markets have run up based on the debt spending economy which is nothing but draining Americans wealth in a long run.
All big money funds are in the market, so, there are not many small buyers to unload the stocks, so big firms need to hire traders to sell the stocks.
Anyone is still being fooled?
With the false hope "PRINT JOB", FAS rallied 400% from March 6.
All bank stocks are piled up on the big trading firms -- now they are hiring brokers to sell the stocks: packaged as "Investment Strategies".
FAS from 12 to 74.
Bank stocks are already pumped up 100-200% in a few months on massive printing. It is, in reality, a big scam using elusive economic theories and speculations.
Wall Street's Hiring Rally
As usual, the Street starts hiring again...after a huge rally.
There’s an old, cynical Wall Street phrase: The Street hires at the top, and fires at the bottom.
I have no idea if we are at a top or not, but the Street is definitely hiring.
I was with a friend of mine the other day, an analyst with a large, well-known Wall Street firm, who told me...they were hiring.
He said that the pay of analysts was starting to creep up, that it had been getting better for the last several months, as his firm was ramping up for an anticipated upturn in capital markets next year.
Huh? In case you are wondering, the average pay of the analysts I know (those who would tell me what they were making) went from roughly $1 million a year in 2000, to about $250,000 a year.
This is not a scientific survey, but I do know a lot of analysts.
http://www.cnbc.com/id/32419937
Soros Cuts Stake In Retailers, Buys BofA, Dell, Pfizer
| 14 Aug 2009 | 06:22 PM ET
Billionaire investor and philanthropist George Soros' Soros Fund Management reported holdings of $4.2 billion at the end of the second quarter after cutting its stake in a number of retailers.
...
The firm also cut its stake in Lowe's to 579,000 shares from 5.4 million shares.
The firm also took a stake in Bank of America, whose share price has climbed 20.74 percent since January, at a time when many financial companies appear to be recovering from last year's sharp declines.
URL: http://www.cnbc.com/id/32422850/
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