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Date Posted: 10:20:12 2/09/23 Thu
Author: Jasper
Subject: Rick Ackerman describes hidden qe through the manipulation of aapl stocks.

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Who Needs Bulls?

Keep in mind than an 8% rally in a $2.5 trillion stock is worth $200 billion, equal to six weeks’ GDP for Israel, Ireland or Norway. Wall Street can churn out sums of that magnitude for days on end — effortlessly and in just a few hours, even without help from bullish investors. That’s because the gaps created on the charts by short-covering leaps define places were little actual money has changed hands. Moreover, bear rallies don’t need “good numbers” to go ballistic. In fact, the opposite is true: The more despairing the earnings outlook, the easier it is for DaBoyz to trigger off short-covering rallies that can seem grotesquely illogical. This is mass folly in a seemingly benign form, but look out below when the psychosis has run its course.

It could be a few weeks or longer before that happens, since AAPL has an open path up to 168 from a current 154 before it hits any obvious technical impediments. There’s a downward sloping trendline that comes in at that price between now and mid-February. If the rally from the January low at 124 were to reach the trendline, it will have added around $720 billion to the U.S. economy. To put that number in perspective, it is only $100 billion less than the U.S. Defense Department spent in 2022. Since most of the stock’s rise could be attributed to short-squeeze leaps where relatively few shares or money changes hands, you can see how much easier it is for AAPL to grow the U.S. economy than for the Fed to do it by easing credit.

https://www.howestreet.com/2023/02/consumer-stimulus-the-easy-way/

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