Loading ...Just had this conversation with a friend about what is at fault for the markets not performing as they once did.
I don’t think it has much to do with how long a person holds a position, whether it’s for an hour, a day, a week, a month or a lifetime. What I have always seen as the real culprit is the ETF’s. Nobody wants to admit it because it is so easy to buy and sell an ETF which tracks a certain sector, but as I’ve harped on before, the ETF’s are owned by the big banks and institutions who are NOT the investors friend. All they do is TRACK the sector or index they represent. What do you think they do with all the billions or trillions that investors put into them?? They have no obligation to BUY anything in the sector they represent. Do you think they just sit on those billions or trillions? Not likely!! What they do is use the ETF investors money to control the markets. It does not matter if the ETF tracks gold for example. The ETF can use that money to buy and sell the DOW or the S&P or anything else if they wish, or use that money to short the sector they represent. ETF’s are just a convenient way to rig the markets in whatever way the banks and institutions want the markets rigged.
