- I thought to send you some things about what some of
us have discovered concerning stock market manipulation. There are some
primary groups that are involved that have been mentioned on the site before.
However, these have become more and more involved over the last year or
so in my research. Not only this, but others who are aware of them and
have access to information are reaping huge profits. As usual they are
one step ahead of the public.
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- Which is why I wanted to mention that this Mutual Fund
timing corruption is sort of a smoke screen it seems in the way of the
real truth. These people will seem to take the fall. No one wants to address
what is really moving the markets. It is certinly not the constant reports
of bogus earnings and muted economic numbers that are reported. Even Federal
Reserve govenors are being taken out of semi retirement to make 'comments'
when needed. The data is massaged and turned positive.
- Especially, in regards to unemployment numbers. The people
filing for first time and recent unemployment numbers are the only ones
being reported. NOT the people who are currently without jobs. There are
no statistics which show people who are out of work and who have stopped
looking. I know this as I teach trading seminars and have never seen so
many people trying to find out what to do. With the little money they cannot
retire on and are trying to live off of, they want to make a decent return.
Which of course, does not make them squat when sitting in any interest
bearing account. These people are forced to compete in one of the most
treacherous things in our economy. Which is trading.
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- Of course, they could get a low paying job or invest
in something else like a franchise. However, many are drawn out of desperation
and because they already own stock in companies. This phenomenon ties together
a huge profit machine for the big firms and their traders. Overall margin
debt has skyrocketed 900% THIS YEAR as these people put their stock on
the line to borrow money to trade. In the past, we can and have taught
people to trade seasonally and using technical anaylsis. These things have
literally been tossed out of the window as the big firms are finding out
beforehand when to place their orders. This is done as the powers that
be find it in their best interest to 'prop up the markets'. In my view,
this is also to protect massive derivatives postions before monthly expiration.
The problem is that this creates no possible downside and has not since
March of last year after the war.
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- We have had a 2,500 point upside move on the Dow without
one 10% pullback. Which has not happened in almost twenty five years. This
cannot be done without blatent market manipulation.
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- With all this said in my year of experience, this market
is being set up for a big fall. When this big money steps aside there will
be literally no one to buy. Which is why I think the specialist group on
the floor of the NYSE is being kept, not changed to electronic trading.
Because they have to provide liquidity for the markets when no one else
can. But I do not see this being possible when so many will want to sell.
This big money has been referred to as the 'plunge protection team'. It
seems it is a combination of Goldman, Sachs and Merrill Lynch. In the past,
they have only interfered every month or so. But now it is almost DAILY
it seems. As the market tries to selloff, they come in and buy options.
Ususally, it seems, NASDAQ or DOW calls. Of course, the traders on the
floor and who represent the big firms find out beforehand and move the
entire market in a matter of minutes. It is really amazing to watch. The
public traders are caught and have to dump their postions.
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- It would seem to me that all this Mutual Fund corruption
is not the real story. Aside from Walter Burien's revelation of all the
stock held in state bank accounts this trading routine I have mentioned
is the biggest corruption of funds this country has ever had. Simply put,
it is insider trading. The knowledge of the secret funds and the ability
to know when they are being used is the most valuable piece of information
in trading today. It is an incredible story. One that should be told some
day. Especially, if or when we get massive drops in the markets and they
do not recover for long periods of time. Mr. Mandeville's theory on the
site also shows that a coming financial collapse of some sort is unavoidable.
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- Anon
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- Comment
From M. Levy
11-7-3
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- Mr. Anonymous writes:
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- "It seems it is a combination of Goldman, Sachs
and Merrill Lynch."
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- That's the least of it...
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- The Plunge Protection Team was started by Reagan via
Executive Order after the '87 Crash. It is a coordinated manipulation of
the markets led by the Exchange Stabilization Fund [run out of Treasury]
in concert with the Fed. While not explicitly specified, it is presumed
by many that the Wall Street bankers have their hands in it as well. Here's
a lot more...
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- http://members.rogers.com/fallstreet1/plungeprotection/plungeprotection.html
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