{"id":36485,"date":"2010-09-28T01:01:01","date_gmt":"2011-05-19T00:30:26","guid":{"rendered":""},"modified":"2011-05-19T00:30:26","modified_gmt":"2011-05-19T00:30:26","slug":"is_the_fed_pumping_up_the_market","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/09\/28\/is_the_fed_pumping_up_the_market\/","title":{"rendered":"Is the Fed Pumping Up the Market?"},"content":{"rendered":"
\n

RUSH: Joe in Queens, great to have you on the program, sir, nice to welcome you to the EIB Network.<\/p>\n

CALLER: You made a statement earlier, and I hope I get it correct, that the Federal Reserve was pumping money into the stock market? Is that correct?<\/p>\n

RUSH: Yes. The Federal Reserve is providing money for banks and others to buy stock, yes.<\/p>\n

CALLER: Okay. First of all, are you sure of that information?<\/p>\n

RUSH: Well, it\u2019s coming from one of there are multitudinous websites, these tips, these Wall Street guys, independent analysts and advisors and the group that I — you know, everybody has these sites that they latch onto if they turn out to be true about the right number of things you listen to. I can\u2019t think of the name right off the top of my head, but this is what the conventional wisdom is. It\u2019s not just this website saying it. A bunch of others are saying it, as well as the fact that it\u2019s not your average, ordinary Joe buying stocks. It\u2019s the fed propping it up plus the people who are buying stocks are excited about the possibility that the Democrats are not going to be running Congress soon.<\/p>\n

CALLER: Okay. Second of all, could you possibly give me the Web address so that I can check this out myself?<\/p>\n

RUSH: Well, see if I can find it here. Are you saying that I\u2019m making this up?<\/p>\n

CALLER: Professor, just following the advice that you yourself once said when I first started listening to you 19 years ago —<\/p>\n

RUSH: All right, here\u2019s the website. This is one of many but one is The Motley Fool.<\/p>\n

CALLER: Sorry?<\/p>\n

RUSH: Is fed buying behind the stock rally. Are you ready?<\/p>\n

CALLER: Yes.<\/p>\n

RUSH: Www.fool.com\/investing\/general. And then 20100108, ‘Is Fed buying behind the stock rally?\u2019 APS. You go to Motley Fool and search, you\u2019ll find it.<\/p>\n

CALLER: Okay. And one last thing. Is there a timeline approximately how long this has been going on?<\/p>\n

RUSH: Recent.<\/p>\n

CALLER: I\u2019m sorry?<\/p>\n

RUSH: Recent. September. September is normally a swoon for the stock market. Stock market traditionally loses value. The short sellers make out big time. The the people that traditionally count on a market decline in September are getting sandbagged here because the market\u2019s skyrocketing as you can see. It has the whole month. It\u2019s shocked everybody. People are trying to figure out, ‘Why, okay, why is this going on?\u2019<\/p>\n

CALLER: Okay —<\/p>\n

RUSH: Here\u2019s the question. ‘Do we have the Federal Reserve to thank for the recent stock rally? The only logical answer is yes, according to TrimTabs, a research firm that tracks money flows in and out of the stock market.\u2019 There\u2019s a line of reasoning here because stocks gain $6 trillion in aggregate market value in mid-March and it\u2019s really ratcheted up in September. And the average guys on the sideline here, Joe, the average guy is on the sideline, the average guy is staying out because the tradition is the market loses value in September. It\u2019s all about propping up Obama. Call Ben Bernanke and ask him, if you can get through.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: All right, here\u2019s another website. www.zerohedge.com: ‘The federal researcher intervened at 10:15 this morning to save stocks, is the subject.\u2019 Well, they didn\u2019t go up but they were starting to crash today. Stocks were starting to go down, it was not looking good, somebody stepped in to stop it. Two years ago the Fed moved in to save Obama, get him elected, and now look what\u2019s happened as we approach another election here. I mean it is what it is, folks. <\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Look, all you doubting Thomases out there, there\u2019s no doubt that the Fed is pumping money, no-cost money, they\u2019re printing money. What else are they going to do to cover all this debt? They are printing money and they\u2019re giving it away. The interest rates are practically zero. They\u2019re making it easy. So the short sellers are getting socked here because people are putting the money in the stock market. The average guy\u2019s not in. You know, it\u2019s not hard to understand what\u2019s going on out there at all. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Joe in Queens, great to have you on the program, sir, nice to welcome you to the EIB Network. CALLER: You made a statement earlier, and I hope I get it correct, that the Federal Reserve was pumping money into the stock market? Is that correct? RUSH: Yes. 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