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After talking to some people who tried to make trades during the parabolic drop yesterday, all said they were unable to put on shorts or to sell their shorts near the bottom. After looking at a volume chart it clearly showed a gap at the bottom of the V where trading stopped and then buying came in. This kind of manipulation only reduces trust in a market that more traders are growingly uneasy with. Do the market manipulators with their super computers really believe they can continue to fix the market with out consequences? I suspect today many people who experienced being unable to trade when they needed to will take the safe bet, and get out now. Confidence is a hard thing to earn, and even harder to regain after it has been lost.
When you have the full power to control the market direction (and how much so) at your whim along with the full backing of the entire US Federal Government to ensure that A) you get to keep your profits and B) have your losses in effect refunded to you, trust and confidence are optional and therefore not needed. They'd be nice. But they are no longer essential to the "markets".
This is what I keep saying. How can any rational mind put forth the solvency of their future livelihood on a demonstrated computerized casino construct, that selectively starts and stops and indian gives as it suits the casino owners?
Even the downtown casinos where I live have the transparency to allow you to keep your winnings at your discretion, and these are outfits that openly acknowledge the odds are stacked against you by design. Screw the stock market and the paper pushers that justify their existence proselytizing about the "essential" nature of their scheme to the welfare of the masses. They're lucky this ain't 1789.....
Screw the stock market and the paper pushers that justify their existence proselytizing about the "essential" nature of their scheme to the welfare of the masses. They're lucky this ain't 1789.....
The stock markets are important for business. The point of our entire financial system is to support business, its like the oil in the engine. The economy can't run without it.
With that said, your average Joe has far too much exposure to the equity markets either explicitly via his/her 401(k), etc or implicitly via his/her pension.
I wonder what's going to happen in a real crisis. How many "glitches" are we going to have if the US is at the center of the problem, instead of Greece?
Hahahaha...imagine Obama on the floor of the NYSE trying to fix the computers, holding two wires together, as the world sells. That might be reality.
At least at the casino, your money isn't tied up by electronics.
How come the housing took such a big hit and the stock market no?
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