HET PLUNGE PROTECTION TEAM…

…, bestaat het of bestaat het niet ? Bedoeld wordt dat de Amerikaanse overheid via banken aandelen zou kopen wanneer de beurs een zetje kan gebruiken.  Stansberry & Associates legt uit…

Charles Biderman is not, as far as I know, a whack job conspiracy theorist. He’s a successful man, a corporate CEO. He makes his living keeping track of market data. His firm, TrimTabs, tracks “equity market liquidity.” That’s Wall Street speak for figuring out who’s buying and who’s selling stocks. Biderman is the opposite of me. I’m a value investor. His idea is stock prices don’t move based on value, but based on money flows. If there’s more demand for stocks, prices will rise. If there’s less demand, prices will fall.

For all his experience and the data he’s got at his fingertips, Biderman can’t figure out who pushed stocks up from the panic lows of last March to the rarified heights of today. Biderman said on CNBC, “Somebody’s buying, taking [stock] prices up… we just don’t know who.”

Biderman’s decades of experience tells him that, over the past nine months or so, things haven’t happened in the stock market the way they usually do. Historically, after the market has fallen, the first buyers to return in force are public companies themselves. They see their own stock selling cheap and step up the share repurchases. Perhaps some other corporate buyers come in, like insurance companies.

At some point, that volume pushes stock prices up a little, and retail investors come back in. But Biderman says he’s never seen a market like this one, where it just kept rising and rising on falling volume. He says the corporate buyers never came back. The retail investors – individuals like you and me – never came back.

But Biderman has an idea. He says, “There’s only one buyer who’s been buying all along… the government.” Biderman admits he has no evidence for this. He just can’t figure out who else it could be. He isn’t the first person to notice “There’s been a buyer comes in late in the day, just about all the time, for the last nine months.”

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