Wednesday, July 01, 2009

CAUTION: MARKET BEING MANIPULATED

Here is a must see video from Bloomberg on Youtube:



Thanks go to Zerohedge for this story.


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1 Comments:

At 2:50 AM, Anonymous Anonymous said...

YES. THIS IS THE MOST IMPORTANT NEWS CLIP IN THE PAST SIX MONTHS. NOW THE THEFT OF GOLDMAN SACHS' MICROSECOND TRADING CODE HAS FURTHER REINFORCED THIS MAN'S COMMENTS. GOLDMAN SACHS HAS ADMITTED THAT ITS CODE CAN BE USED TO UNFAIRLY MANIPULATE THE MARKET IN A WAY THAT GIVES AN UNFAIR ADVANTAGE TO WHOMEVER POSSESSES THE CODE, LIKE GOLDMAN SACHS. THEN FACTOR IN THAT 49% OF MARKET ACTIVITY IS PROGRAMMED TRADES, WE KNOW THAT THE IMPACT ON THE MARKET IS MATERIAL. IN OTHER WORDS, MANY MARKET PARTICIPANTS, INCLUDING RETAILERS, ARE BEING CHEATED.

 

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