Fun

Former Goldman Sachs Analyst: ‘The 1% is Dumping Stocks’

News Feed - 2019-09-19 10:09:21

The S&P 500 (SPX) is trading close to all-time highs. The Dow Jones Industrial Average (DJI) is in the same boat as it is a few points away from a new record. The market is climbing despite global instabilities such as the U.S.-China trade war and the attack on Saudi Arabian oil producer Aramco.


It appears that investors are euphoric. CNN’s Fear and Greed Index supports this assumption. The stock market is being driven by greed. | Source: CNN


Under such conditions, it pays to consider the contrarian stance. We did some digging and discovered that a former Goldman Sachs analyst is making an interesting claim. Will Meade on Stocks: ‘Money Always Finds a Home’


As a technical analyst, buying the top or the resistance is almost never a smart decision. You’d be better off waiting for a strong breakout and only buying after it"s validated instead of buying at the resistance and hoping for one.


It appears that we won’t be seeing a strong breakout anytime soon. Will Meade, a former Goldman Sachs analyst, took to Twitter to share what his sources told him. In his tweet, he wrote, The 1% has been dumping FAANGs, tech stocks, venture capital, and using that money to buy high end real estate according to my sources. Will Meade revealing what the elite is up to. | Source: Twitter


In another tweet, the former Goldman Sachs employee revealed the inner workings of the elite: Will Meade illustrates how the game is rigged. | Source: Twitter


The revelations of Mr. Meade came one month after media outlets reported that Warren Buffett is sitting on a large cash position to the tune of $122 billion. According to Markets Insider, the Oracle of Omaha sold more stock in June than he bought the quarter prior.


It appears that Will Meade’s sources are correct. The one percent is exiting the stock markets at the expense of retail investors. Financial Analyst: It Is Now a ‘Sold-to-You’ Market


At LaDuc Trading, Samantha LaDuc leads the analysis, education, and trading services; she"s also CIO for LaDuc Capital LLC. She spoke to CCN about the long-term prospects of the stock market and said, When global money supply diverged from market price, beginning of July, it became a ‘Sold-to-You’ market in my eyes. Global money supply has taken a nosedive since July while the markets are still ascending. | Source: Samantha LaDuc


This is another indication that the smart money is no longer pushing the market up. Therefore, with the global money supply drying up, it looks like the smart move is to take a contrarian stance. This article was edited by Sam Bourgi. Last modified (UTC): September 19, 2019 1:03 PM

News Feed

Report Shows Crypto Derivatives Volumes Soared 32% to a Record $602 Billion in May
Report Shows Crypto Derivatives Volumes Soared 32% to a Record $602 Billion in MayCryptocurrency derivatives trading volumes climbed 32% in May to a new record high of $602 billion,
Polygon Enters Into Africa With Quidax. Quidax to Launch Self-Service Listing, Celebrates 3 Years
Polygon Enters Into Africa With Quidax. Quidax to Launch Self-Service Listing, Celebrates 3 Years press release PRESS RELEASE. Lagos –African-founded crypto
This Analyst Called The Bitcoin Price Crash Early, Total Prediction Says More Pain Is Coming
Este artículo también está disponible en español. Crypto analyst Akademik, who called the Bitcoin price crash early has revealed his total predictions for the flagship cr
Chainlink (LINK) Among Top Gainers With 11% Daily Surge, Is A Rebound To $24 Coming?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners
Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners According to a representative from the bitcoin mining company backed by the Chinese crypto b
Billionaire Barry Sternlicht Warns of Hard Landing — Says ‘Economy Is Going to Implode’
Billionaire Barry Sternlicht Warns of Hard Landing — Says "Economy Is Going to Implode" Billionaire Barry Sternlicht, chairman and CEO of Starwood Capital Group, has warned that
Crypto Winter No Longer Has Big Impact on Long-Term Industry Growth, EY Executive Says
Crypto Winter No Longer Has Big Impact on Long-Term Industry Growth, EY Executive Says EY’s global blockchain leader says that for the first time ever, crypto’s price s
Helen Partz12 hours agoHong Kong would not go crypto without China’s approval — Animoca execChina looks at Web3 as a powerful tool to challenge the United States’ technological and economic hegemony, the Animoca co
Ezra Reguerra11 hours agoFedNow showcases DLT-powered payments system as service providerThe Federal Reserve wrote that it does not support or endorse any showcase providers featured on its website.4570 Total views28 Tot
Nifty News: 3 Bored Apes gone phishing, fantasy.top fees beat Tron and more
Jesse Coghlan4 hours agoNifty News: 3 Bored Apes gone phishing, fantasy.top fees beat Tron and moreOne unlucky BAYC holder just lost $167K in Bored Ape NFTs, Ronaldo’s still on the hook for Binance NFTs, and a fantasy
Helen Partz37 minutes agoDCG agrees deal with Genesis that would see recoveries of up to 90%The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carr
Bitcoin traders dismiss 'triple top' as BTC price stops $150 from $69K
William Suberg16 minutes agoBitcoin traders dismiss "triple top" as BTC price stops $150 from $69KBitcoin deals a swift blow to late longs on the cusp of all-time highs, saving BTC price discovery for another day.256 Tot