[FoRK] Stock manipulation too cool for kindergarten
Adam L Beberg
beberg at mithral.com
Sat Jul 31 13:14:41 PDT 2010
So the computers are in such complete and total dominance of stock
prices, they appear to have gotten bored and started drawing pictures
with the bid/ask like a 2 year old with a Spirograph. Profoundly
illegal, but not new.
http://www.zerohedge.com/article/its-not-market-its-hft-crop-circle-crime-scene-further-evidence-quote-stuffing-manipulation-
This is how Goldman Sachs alone pulls $100 million PER DAY out of
fireman pensions and grandma's 401k, and the other big firms do the
same. Heheh suckers, corporatism rocks ;)
Of course one baby boomer in Nantucket sells their 401k and we get a 10%
flash crash, but that seems OK. As long as 3+ baby boomers don't sell at
the same time, the markets will stay above zero ... for a few more
milliseconds.
You have to respect a scam so elegant and smooth. The sheep actually
think they can take their money back out of the market. Muhahahaha.
--
Adam L. Beberg
http://www.mithral.com/~beberg/
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