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  • Wall Street Breakfast: Must-Know News [View article]
    Of course the institutions are behind the buying. Fund managers and advisers who rely on a percentage take from funds under management don't like a falling market: people sell and hoard cash, meaning these self-interested advisers earn less. So ... if you've been given cash from whatever source, and it's not yours so future losses won't hurt you personally, it's a sure bet to buy the market. When it moves up, you encourage others to
    buy too, increasing funds under management and therefore your own take. When the fall comes, who will blame you personally?
    Apr 17 14:05 pm |Rating: +1 -1 |Link to Comment
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