[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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