Interesting week wasn't it.......The explanation of a decimal point missed sure tells you that a few big players can manipulate the market in a heart beat. Do you remember that same explanation was used in another set back some 10-20 years ago???? I do........quick and dirty greed, sell in May, back after the summer. Time to get bargains,,,,GS will bounce back and go higher.
The facts as they are known to SEC..is that a large amount of mini S&P 500 was sold short by a known trading house..which triggered sell programs all over..thus a frenzied 1000 points drop....
SEC deals in hush hush world & only slap in the wrist is given ..behind closed doors....so the name will never be known ????
Good Morning I hope that you are both Well and in Good health I go for my Physical tomorrow
As for the market Could GS do the manipulation or was it one of the other scum bag firms that was up to no good! In any case SEC needs to set an example and punish the culprits.
Hi Saleem,
ReplyDeleteInteresting week wasn't it.......The explanation of a decimal point missed sure tells you that a few big players can manipulate the market in a heart beat. Do you remember that same explanation was used in another set back some 10-20 years ago???? I do........quick and dirty greed, sell in May, back after the summer. Time to get bargains,,,,GS will bounce back and go higher.
Best Regards
Hi Standards,
ReplyDelete"GREED is GOOD"..is the motto of Wall Street...BUT they went too far with this incident & caught lying...
This administration is hungry for financial reforms & they got just the juice they never hoped for....
1000 point drop was a calculated game from big trading house....
Saleem
Hi Saleem,
ReplyDeleteDid you catch the name of the trading firm that moved the market?
Curious to know....
The SEC should wake up! The Administration should wake up! No one can invest in a manipulated market. No investor confidence............
Best Regards
Hi Standards,
ReplyDeleteThe facts as they are known to SEC..is that a large amount of mini S&P 500 was sold short by a known trading house..which triggered sell programs all over..thus a frenzied 1000 points drop....
SEC deals in hush hush world & only slap in the wrist is given ..behind closed doors....so the name will never be known ????
Saleem
SALEEM Standards
ReplyDeleteGood Morning
I hope that you are both Well and in Good health I go for my Physical tomorrow
As for the market Could GS do the manipulation or was it one of the other scum bag firms that was up to no good! In any case SEC needs to set an example and punish the culprits.
Hi C,
ReplyDeleteSEC is part of the problem...."looking the other way" is their mission statement.
Saleem