Home › Forums › Financial Markets/Economics › Tyler Durden – Zero Hedge
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July 28, 2009 at 11:56 AM #438698July 28, 2009 at 1:21 PM #438769OwnerOfCaliforniaParticipant
Kunstler said it pretty well this week:
…Goldman Sachs has been caught at another racket in the stock market: front-running trades. What a clever gambit, done with the help of the markets themselves – the Nasdaq in particular – in which information on trades is held back a fraction of a second from public view, while the data is shoveled to the computers of privileged subscribers who can execute zillions of programmed micro-trades before the rest of the herd makes a move. This allows them to vacuum up hundreds of millions of dollars by doing absolutely nothing of value.
July 28, 2009 at 1:21 PM #438003OwnerOfCaliforniaParticipantKunstler said it pretty well this week:
…Goldman Sachs has been caught at another racket in the stock market: front-running trades. What a clever gambit, done with the help of the markets themselves – the Nasdaq in particular – in which information on trades is held back a fraction of a second from public view, while the data is shoveled to the computers of privileged subscribers who can execute zillions of programmed micro-trades before the rest of the herd makes a move. This allows them to vacuum up hundreds of millions of dollars by doing absolutely nothing of value.
July 28, 2009 at 1:21 PM #438206OwnerOfCaliforniaParticipantKunstler said it pretty well this week:
…Goldman Sachs has been caught at another racket in the stock market: front-running trades. What a clever gambit, done with the help of the markets themselves – the Nasdaq in particular – in which information on trades is held back a fraction of a second from public view, while the data is shoveled to the computers of privileged subscribers who can execute zillions of programmed micro-trades before the rest of the herd makes a move. This allows them to vacuum up hundreds of millions of dollars by doing absolutely nothing of value.
July 28, 2009 at 1:21 PM #438528OwnerOfCaliforniaParticipantKunstler said it pretty well this week:
…Goldman Sachs has been caught at another racket in the stock market: front-running trades. What a clever gambit, done with the help of the markets themselves – the Nasdaq in particular – in which information on trades is held back a fraction of a second from public view, while the data is shoveled to the computers of privileged subscribers who can execute zillions of programmed micro-trades before the rest of the herd makes a move. This allows them to vacuum up hundreds of millions of dollars by doing absolutely nothing of value.
July 28, 2009 at 1:21 PM #438600OwnerOfCaliforniaParticipantKunstler said it pretty well this week:
…Goldman Sachs has been caught at another racket in the stock market: front-running trades. What a clever gambit, done with the help of the markets themselves – the Nasdaq in particular – in which information on trades is held back a fraction of a second from public view, while the data is shoveled to the computers of privileged subscribers who can execute zillions of programmed micro-trades before the rest of the herd makes a move. This allows them to vacuum up hundreds of millions of dollars by doing absolutely nothing of value.
July 28, 2009 at 1:49 PM #438783peterbParticipantThe markets are way down from last year at this time. I’d say the market reflects the economy fairly well. Can it be manipulated to some degree, sure, but not forever. Multiple crap qrtrs will come to roost and the institutions will have to reallocate. That will do it. Or CRE crashing to the basement. Gravity can only be avioded for so long.
July 28, 2009 at 1:49 PM #438018peterbParticipantThe markets are way down from last year at this time. I’d say the market reflects the economy fairly well. Can it be manipulated to some degree, sure, but not forever. Multiple crap qrtrs will come to roost and the institutions will have to reallocate. That will do it. Or CRE crashing to the basement. Gravity can only be avioded for so long.
July 28, 2009 at 1:49 PM #438221peterbParticipantThe markets are way down from last year at this time. I’d say the market reflects the economy fairly well. Can it be manipulated to some degree, sure, but not forever. Multiple crap qrtrs will come to roost and the institutions will have to reallocate. That will do it. Or CRE crashing to the basement. Gravity can only be avioded for so long.
July 28, 2009 at 1:49 PM #438615peterbParticipantThe markets are way down from last year at this time. I’d say the market reflects the economy fairly well. Can it be manipulated to some degree, sure, but not forever. Multiple crap qrtrs will come to roost and the institutions will have to reallocate. That will do it. Or CRE crashing to the basement. Gravity can only be avioded for so long.
July 28, 2009 at 1:49 PM #438543peterbParticipantThe markets are way down from last year at this time. I’d say the market reflects the economy fairly well. Can it be manipulated to some degree, sure, but not forever. Multiple crap qrtrs will come to roost and the institutions will have to reallocate. That will do it. Or CRE crashing to the basement. Gravity can only be avioded for so long.
July 28, 2009 at 5:15 PM #438724SD RealtorParticipantRight and in the meantime astute individuals have made 30% on thier money while others have run and hid under rocks. Just remember that the house makes the rules. To continue to think that this is not the case will lead to a long life of wondering why things didn’t happen when they should have happened. Or yes things will all go to shit and you get to say look I was right in the middle of a turd storm.
July 28, 2009 at 5:15 PM #438894SD RealtorParticipantRight and in the meantime astute individuals have made 30% on thier money while others have run and hid under rocks. Just remember that the house makes the rules. To continue to think that this is not the case will lead to a long life of wondering why things didn’t happen when they should have happened. Or yes things will all go to shit and you get to say look I was right in the middle of a turd storm.
July 28, 2009 at 5:15 PM #438125SD RealtorParticipantRight and in the meantime astute individuals have made 30% on thier money while others have run and hid under rocks. Just remember that the house makes the rules. To continue to think that this is not the case will lead to a long life of wondering why things didn’t happen when they should have happened. Or yes things will all go to shit and you get to say look I was right in the middle of a turd storm.
July 28, 2009 at 5:15 PM #438651SD RealtorParticipantRight and in the meantime astute individuals have made 30% on thier money while others have run and hid under rocks. Just remember that the house makes the rules. To continue to think that this is not the case will lead to a long life of wondering why things didn’t happen when they should have happened. Or yes things will all go to shit and you get to say look I was right in the middle of a turd storm.
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