Financial topics

[gerald]

April fools day ---

TUESDAY, APRIL 01, 2014
April 2016: Dow Jones-30 Suspended Due to Lack of Interest

Though many blame the Global Crash of 2015 for the loss of faith in stocks, others say the erosion dated back to at least 2014.

April 1, 2016: In an unprecedented move, Dow Jones announced that it was suspending its iconic Dow Jones Industrial Average of 30 large-cap stocks "due to lack of interest." The move caught the mainstream media by surprise, but those who had watched public interest and participation in the stock market dwindle in recent years expressed little shock.

"Now that everybody knows it's all rigged, that it's just a bunch of computers skimming from each other and a handful of daytraders, what's the point?" commented one former employee of a trading desk.

The few still employed on Wall Street were equally circumspect. "There's nobody here except a few techs running the machines," one lamented. "A couple of years ago guys were killing themselves because they'd lost a lot of money. Now we're dying of boredom."

"It's really rather surreal," one former financial journalist marveled. "The big trading desks are still making money 400 days in a row, the Federal Reserve is still pumping money into stocks, but nobody cares any more. Once they realized the market no longer had anything to do with the real economy or their future, they lost interest."

Though many blame the Global Crash of 2015 for the loss of faith in stocks, others say the erosion dated back to at least 2014, when the F.B.I. revealed its investigation into high-frequency trading (HFT), and the perception that the market was rigged went mainstream.

"There were plenty of buy-side analysts who said, 'OK, the market's rigged, so that means it's safe to pile in,'" the journalist noted. "But the Global Crash of 2015 mooted that guarantee."

A former financial analyst who now grows organic lettuce for a living observed, "As soon as all the suckers, and by that I don't mean Ma and Pa Kettle, I mean the pension funds and insurance companies, had their heads handed to them in the crash, it was game over. When the Fed started openly buying equities, the funds that had survived the crash didn't jump back in."

According to a well-connected observer who requested anonymity, public disgust extends beyond the rigged market to everyone who aided and abetted the scheme. "The F.B.I. investigates for two years but can't find anyone to prosecute. What does that say about our system of so-called justice? It's as rigged as the market."

Rating of financial news programs plummeted as the public lost interest, and most were cancelled due to poor ratings. Jim Cramer still hosts a web-based program touting stocks but the audience appears to be mostly hecklers who lost money following his "stay long and strong" advice just before the crash wiped out everyone who believed the Fed had their back.

One former Wall Streeter waxed nostalgic for the good old days when the stock market was still viewed as the road to legitimate riches. "It was really something else," he mused. "People believed the hype, they believed all the phony BS about the market being a level playing field and the Fed having their back, and they gave us their money willingly, even when it was obvious it was just a big embezzlement scheme."

Happy April Fools Day 2014.

http://charleshughsmith.blogspot.com/20 ... d-due.html
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Could there be some truth in the above?

[aedens]

http://seekingalpha.com/article/2116963 ... e&uprof=51
http://gdxforum.com/forum/search.php?ke ... sf=msgonly

http://www.zerohedge.com/news/2014-04-0 ... as-exports

~2018 best guess and who ever said export it is a retard anyways so must have been a .gov

https://www.youtube.com/watch?v=iqnMrynpq9U

[Higgenbotham]

Could there be some truth in the above?

Probably. If the crash is serious like people here are predicting, any solvent and profitable company may not want their stock gamed, and may not list it on the exchange. Anyone who wants to buy some stock in a company like that might contact the Treasurer of the company, pay for the stock in full, and get a certificate for their shares to lock in their safe. There will probably be rumors circulating for years after the crash saying that Wall Street gamed the stocks of perfectly good companies, crashed them to zero, and bankrupted the companies in the process. Which they will do, once the tide turns in the other direction.

[aedens]

The Financialization of American Economy = Death of Middle Class (that used to consume 2/3rds of goods/services) = Death of Real Economy

And the debt serfs lived miserably ever after.

The end. tis

[Higgenbotham]

In my opinion, today's close over the March 7 intraday high gives the green light to extend the rally into May, to the end of the January to May topping zone. That close seemed all but assured by yesterday's action, after Yellen yelled and the herd got herded accordingly.

[aedens]

They've run out of tax cattle and now will have to turn audit cannibal to the hft Lectors designed to claim the lambs. Massive Gosplan black hole opening up. Between energy poverty decimations and property tax wipe outs they muster the back bone all is good without the first payments to black hole health care unfunded liabilitys you never hear about. It always ends the same way. As they are saying point blank after the arbiters get done with your billing your screwed and if you look at statutes already formulated before the process your hanging meat. Since the Doctors do not know what they are to be paid they will acept cash only since they have no idea what they will be paid since it is money kited for months and is for many. Quality of care will diminsh and it is point blank on the Hospital floors. Usually the people who actually keep you alive to recover are watching over twenty serious patients. You better hope that person cares and has the time if you are turning blue as the ones I sent to college are seeing the bitter reality now being run to death for clinical floor time since liability mingled with stupidity is rampant until this whirl wind passes. Between reverse mortgages some what and actual ACA papers termed from the State with one interest only that we posted here before this disater ensued, make no mistake about it your posterity will be in card board boxes under bridges with no estate rights being dissolved. To many cannot understand the Wards of the state is the grinding poverty business model at hand since they cannot even read a menu anyways as we are. As for the poverty stricken who could not pay local only assements you paid for it with federal dollars anyways from grants. On that note it is better to shelter in place since they would be frozen corpses since the shelters are at capacity.

[Higgenbotham]

http://www.theblaze.com/stories/2014/04 ... to-a-halt/

Stock market rigged? Not even debatable. And Lewis is only talking about a small slice of the activity, the full scope of which I doubt any one person is aware of even half of what might be occurring.

Look up "index rebalancing" and find a chart of market activity that day. Rigged.

I see stock market rigging of various kinds nearly every single day WITHOUT FAIL.

[Higgenbotham]

Decline Late in Session Caps a Volatile Week
By REUTERS
Published: May 31, 2013

Stocks sold off in late trading on Wall Street to close sharply lower on Friday, with the Dow Jones industrials shedding more than 200 points.

For the first time since November, the Standard & Poor’s 500-stock index posted a loss in consecutive weeks. Investors seemed willing to take money off the table after several months of gains.

Selling accelerated near the market’s close with the rebalancing of the MSCI indexes at the end of the day. Credit Suisse forecast $19 billion in total trading as a result of the rebalancing, with $15 billion related to developed markets.

“What’s happened in the last hour here, there’s some index and month-end rebalancing that accelerated the downturn,” said Bucky Hellwig, senior vice president of BB&T Wealth Management in Birmingham, Ala.

http://www.nytimes.com/2013/06/01/busin ... .html?_r=0

2013may31-1.gif (21.98 KiB) Viewed 2608 times

[Higgenbotham]

Hong Kong, China shares extend losing streaks in anemic June kick-off

Mon Jun 3, 2013 5:19am EDT

Stocks that saw strong gains last Friday that were distorted by month-end flows and an MSCI rebalancing, suffered big losses. Li Ning, which surged 15.8 percent last Friday, dived 6.4 percent on Monday.

http://www.reuters.com/article/2013/06/ ... FI20130603

This is the thorough follow up reporting that came out of Asia the following early Monday after the late Friday distortion and fraud described above. If this was reported the following Monday anywhere in the US, I don't know where.

Wouldn't surprise me if the Chinese are disgusted by this. I don't think they benefit much by having their stock yo-yo'ed up and down by Western interests.

[aedens]

another repo eoq flush http://www.zerohedge.com/news/2014-04-0 ... eluge-came

h the chicoms own the swamp as a joint venture with red shields. EU got the short end of the stick and
called it parity. Ask mein teurer schatz Merkel what parity means over the next seven years since they are wards of the eagle and
the bear pissing contest... Parity grudges last decades and our started about three ago to the operation with these fiscal retards.
The 17 trillion deficit is just the yearly global glabal tax on these relegated dip sticks. A few of the smart kids in the ES
have some assets here to limp past this alleged malaise.