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Crashing Stock (Realy went to the Bull PILE)
Judge Dread
Member Posts: 2,372 ✭✭✭✭✭
Yess is a cut and paste ,(I dont give a rat rectum) ,I only post because I dont want you Guys to become another "Enron" like victims
to the stock trade money theft conspiracy.
How Many NYSE Trades Are Real?
Where Are JPM and CitiBank's Program Trades?
Program Trading Averaged 44.9 Percent of
NYSE Volume During June 17-21, 2002
6-30-2
NEW YORK - The data indicated that during June 17-21, program trading amounted to 44.9 percent of NYSE average daily volume of 1,422.5 million shares, or 638.6 million shares a day. This included program trading associated with the June 21 quarterly expiration of stock-index options and futures.
From the top 15 list of 'Program' traders, JPMorgan and CitiBank were conspicuously absent. Perhaps they haven't yet discovered computer-controlled trading? Why are the two largest Federal Reserve banks not involved with 'Program Trading'?
Logical questions arise
If 44.9 % of all NYSE 'Program Trading' is attributed to the SMALLER banking firms, perhaps through some secret regulatory shield, the two LARGEST banks ARE heavily involved in program trading but are exempt from reporting requirements? Perhaps the mysterious 'Plunge Protection Team' has erected such a regulatory shield behind which they secretly operate? If so, another question can be asked:
How much of the remaining 55% of NYSE trades belong to JPMorgan and CitiBank?...Would these total, aggregated trades constitute MOST of the NYSE trades?...80%-95% of the NYSE trades?
The answer to this last question is important insofar as the public is already fed-up with the overflowing Wall Street ethical sewer and continuing inaction from a hypocritical Congress and its double-talking regulators. If the U.S. stock market has deteriorated to such a degree that a sizable majority of all NYSE trades are so-called 'Basket' or 'Program' trades (Equivalent to Enron-style, round-trip executions (Based no-doubt on Fed repos), one could easily predict tsunami-sized shock waves.
The truth of inappropriate market interventions can never be undiscovered. The outward spread of that truth grows exponentially from one person to another and so on. An important catalyst aiding this information diffusion process is Wall Street,??s ideology of corruption that has sensitized a growing number of American and World citizens to accept assertions they once would have rejected.
Assertions such as a massive cartel of Western banks led by the Federal Reserve arrayed to suppress the price of gold in order to conceal inflation and construct a bubble-headed Medusa. The not inconsequential result of which has been a tax windfall for bureaucrats and a devastated Sub-Saharan economy dependent solely on gold exports.
The Royal Bank of Canada has recently validated GATA's findings and their private clients now have the manipulation truth and are no doubt spreading it to their friends. Gold producers also have the manipulation truth and are closing their hedges because they know that rigged markets are historically unsustainable. The truth is an unstoppable disease. Interventions to lower the price of gold are nothing but band-aid treatments for a terminal illness. The illness is an inflated, un-backed currency created by weak politicians.
Jim Sinclair points to the poor prognosis of a growing $300 Billion World gold derivatives burden. These instruments must begin with a loan of physical metal. The gold derivatives listed at the OCC [Office of the Comptroller of the Currency, Dept. of Treasury] and BIS [Bank of International Settlements] websites represent real gold loans. The huge total derivative figure will surely rise dramatically in the next OCC and BIS reports pushing the sickly patient ever closer to the inevitable flat-line status.
European stock markets are plunging since the second week of March 2002 and the US Dollar plunges right along with them even as gold has steadily risen 14%. The government continues to spend at record pace as it imagines no one notices and that they can somehow continue to borrow, consume and rig their way to prosperity.
Note - a current check shows this article has been removed: http://www.nyse.com/press/NT0073C5CF.html
Good...? , Bad...? Who cares ? as long I am the one with the the gun.....
to the stock trade money theft conspiracy.
How Many NYSE Trades Are Real?
Where Are JPM and CitiBank's Program Trades?
Program Trading Averaged 44.9 Percent of
NYSE Volume During June 17-21, 2002
6-30-2
NEW YORK - The data indicated that during June 17-21, program trading amounted to 44.9 percent of NYSE average daily volume of 1,422.5 million shares, or 638.6 million shares a day. This included program trading associated with the June 21 quarterly expiration of stock-index options and futures.
From the top 15 list of 'Program' traders, JPMorgan and CitiBank were conspicuously absent. Perhaps they haven't yet discovered computer-controlled trading? Why are the two largest Federal Reserve banks not involved with 'Program Trading'?
Logical questions arise
If 44.9 % of all NYSE 'Program Trading' is attributed to the SMALLER banking firms, perhaps through some secret regulatory shield, the two LARGEST banks ARE heavily involved in program trading but are exempt from reporting requirements? Perhaps the mysterious 'Plunge Protection Team' has erected such a regulatory shield behind which they secretly operate? If so, another question can be asked:
How much of the remaining 55% of NYSE trades belong to JPMorgan and CitiBank?...Would these total, aggregated trades constitute MOST of the NYSE trades?...80%-95% of the NYSE trades?
The answer to this last question is important insofar as the public is already fed-up with the overflowing Wall Street ethical sewer and continuing inaction from a hypocritical Congress and its double-talking regulators. If the U.S. stock market has deteriorated to such a degree that a sizable majority of all NYSE trades are so-called 'Basket' or 'Program' trades (Equivalent to Enron-style, round-trip executions (Based no-doubt on Fed repos), one could easily predict tsunami-sized shock waves.
The truth of inappropriate market interventions can never be undiscovered. The outward spread of that truth grows exponentially from one person to another and so on. An important catalyst aiding this information diffusion process is Wall Street,??s ideology of corruption that has sensitized a growing number of American and World citizens to accept assertions they once would have rejected.
Assertions such as a massive cartel of Western banks led by the Federal Reserve arrayed to suppress the price of gold in order to conceal inflation and construct a bubble-headed Medusa. The not inconsequential result of which has been a tax windfall for bureaucrats and a devastated Sub-Saharan economy dependent solely on gold exports.
The Royal Bank of Canada has recently validated GATA's findings and their private clients now have the manipulation truth and are no doubt spreading it to their friends. Gold producers also have the manipulation truth and are closing their hedges because they know that rigged markets are historically unsustainable. The truth is an unstoppable disease. Interventions to lower the price of gold are nothing but band-aid treatments for a terminal illness. The illness is an inflated, un-backed currency created by weak politicians.
Jim Sinclair points to the poor prognosis of a growing $300 Billion World gold derivatives burden. These instruments must begin with a loan of physical metal. The gold derivatives listed at the OCC [Office of the Comptroller of the Currency, Dept. of Treasury] and BIS [Bank of International Settlements] websites represent real gold loans. The huge total derivative figure will surely rise dramatically in the next OCC and BIS reports pushing the sickly patient ever closer to the inevitable flat-line status.
European stock markets are plunging since the second week of March 2002 and the US Dollar plunges right along with them even as gold has steadily risen 14%. The government continues to spend at record pace as it imagines no one notices and that they can somehow continue to borrow, consume and rig their way to prosperity.
Note - a current check shows this article has been removed: http://www.nyse.com/press/NT0073C5CF.html
Good...? , Bad...? Who cares ? as long I am the one with the the gun.....
Comments
And most people I know have been burned by the market, more than finding gain in the market.
"If you ain't got pictures, I wasn't there."
Margaret Thatcher
"There are three kinds of lies: lies, damned lies and statistics."
Mark Twain
Thanks for the post!!
Rugster