Robert Mercer is propping up the stock market

For those who don't know, Robert Mercer founded Cambridge Analytica, the data mining company that brought you Trump's election and Brexit. He also used to run Ren Tech, the best performing hedge fund of all time. From wikipedia, about the fund's founder, Jim Simons:

Simons ran Renaissance until his retirement in late 2009.[14] The company is now run by Peter Brown (after Robert Mercer) resigned). Both of them were computer scientists specializing in computational linguistics who joined Renaissance in 1993 from IBM Research.[1][13][15] Simons continues to play a role at the firm as non-executive chairman and remains invested in its funds, particularly the secretive and consistently profitable black-box strategy known as Medallion.[16] Because of the success of Renaissance in general and Medallion in particular, Simons has been described as the best money manager on earth.[17][18][19]

And from the section on campaign contributions:

According to the Center for Responsive Politics, Renaissance is the top financial firm contributing to federal campaigns in the 2016 election cycle, donating $33,108,000 by July.[38] By comparison, over that same period sixth ranked Soros Fund Management has contributed $13,238,551.[38] Renaissance's managers were also active in the 2016 cycle, contributing nearly $30 million by June, with Mercer ranking as the #1 individual federal donor, largely to Republicans, and Simons ranked #5, largely to Democrats.[39] They were top donors to the presidential campaigns of Hillary Clinton[40] and Donald Trump.[41]

During the 2016 campaign cycle, Simons contributed $26,277,450, ranking as the 5th largest individual contributor. Simons directed all but $25,000 of his funds towards liberal candidates. Robert Mercer) contributed $25,059,300, ranking as the 7th largest individual contributor. Robert Mercer) directed all funds contributed towards conservative candidates.

So he is the #1 individual donor. It doesn't take a genius to put two and two together here, so I will keep it brief. The S&P 500 has had one down week in two months (it fell less than 1 point), and has had 2 down days in the last 16 days, both of which were erased by the following morning. The market is acting as though it isn't being allowed to fall, on an intraday/daily basis. If you look at the charts, any amount of downward momentum is immediately reversed within minutes. I don't think its normal for the S&P to crash 2 points and then recover, all within the span of minutes, every other day.

So I will put it out there, last time Mercer used Cambridge Analytica to help elect Donald Trump, this time he has the means, the bankroll, and the track history to be running a stock market bot that is buying every dip and manipulating the market higher.

submitted by /u/stilloriginal
[link] [comments]

source https://www.reddit.com/r/conspiracytheories/comments/icow1i/robert_mercer_is_propping_up_the_stock_market/