Invisible Button Pushers Keep Indexes in Check (John Mugarian's Dynamic Growth)

Invisible Button Pushers Keep Indexes in Check

We have been told over and over again that the stock market is based on supply and demand. While that may be true, whose demand are we talking about?

As investors patiently wait for the feds next move, I am amazed at how the S&P, Dow, and NASDAQ are all hovering around the breakeven mark before the 2:15 EST announcement.

Does this mean that every money manager (mutual funds and pension funds) and small investor has stopped trading in unison to wait on the fed? You have got to be kidding me.

Button Pushers are financial elites who control monetary flows, and have incredible power over stock market booms and busts. For now, they are content with keeping the market indexes near par. Let痴 see what they do at 2:15 EST.

Posted by John Mugarian on May 10, 2006 1:14 PM | Permalink

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