Market Manipulation Unmasked.

[eXcommunicate]

UN-Fucking-BELIEVABLE



"Who cares about the fundamentals..." "Create a fiction if you're short..."

"The great thing about the market is that it has nothing to do with the actual stocks..."

The douche also near the end implicates his own network, CNBC, in the fictions hedge fund managers (and others) like himself create for their short term sales.

[Chinaski]

So the market's also run by morons. Whoulda thunk it?

[al-rawandi]

Thank you for posting this video, some time ago I went from a free market capitalist to a serious skeptic. It is all a flurry of bullshit, greed driven system where the rich use their wealth to get more money.

[AshtonBlack]

Ahhh the "free" market. Well what do you expect?

Actually, as far as I can see, it all became MUCH MUCH worse when two things became legal: Selling "short" and "futures" which both allowed those with the most money to effect the market in both directions, as this tool implies.

IMHO, selling short should be banned.

[al-rawandi]

Ahhh the "free" market. Well what do you expect?

Actually, as far as I can see, it all became MUCH MUCH worse when two things became legal: Selling "short" and "futures" which both allowed those with the most money to effect the market in both directions, as this tool implies.

IMHO, selling short should be banned.

Yes the entire derivatives market has rendered market analysis damn near impossible. I think that option trading should be legal as these are independent contracts between a buyer and a seller, essentially not a problem. But the futures trading regarding indexes became a problem. Another thing that has become difficult to analyze is commodities, if you look at the price of oil, it is heavily influenced by the futures trading, future expectations can become self fulfilling prophecies. That is why when I worked in the financial world I used indexes of goods that had NO futures to view the market direction. For instance if the price of burlap and lard was flat, I figured inflation was not present or was not serious.

Short selling has created another problem the artificial creation of shares. For instance to sell short I should, theoretically borrow shares from a broker, sell them, buy them back later and return them to the broker. But you could also simply sell shares you don't have, book them as a negative position on your position report, and if things went sour simply fold up the tents and walk away. This kind of naked short would create shares of a stock out of thin air, and when you walked away some sod now had shares that didn't even exist 2 weeks before.

Some regulation would be nice.

[Xamonas Chegwé]

Some regulation castration would be nice.

Fixed

It is reckless pursuit of greed that has got us into this fuck-up. Coupled with an inability / unwillingness to regulate ANY trading activity just as long as the shekels keep flowing. the financial markets cannot be allowed to continue in the same vein once the 'crunch' is over. (For once) I agree with Gordon Brown when he said that shadow banking and offshore tax-havens should be abolished globally. I would also abolish the kind of reckless futures and currency speculation that has led to one crisis after another.

In short - they're all a bunch of greedy cunts - the worlds financial markets should not be in the hands of greedy cunts.

[Chinaski]

http://www.thedailyshow.com/video/index ... ial-advice

http://www.thedailyshow.com/video/index ... r-we-trust

Both hilarious and both relevant.

[al-rawandi]

Xamonas Chegwé,

Coupled with an inability / unwillingness to regulate ANY trading activity just as long as the shekels keep flowing.

I appreciate the sentiment, but not the anti-Semitic undertones. What the fuck have shekels got to do with anything save for the fact that they are a Jewish currency? This is rather repellent, and is more than a little insightful with regards to your position on Israel. I shall keep this statement for posterity, as it were.

Is there a policy on racism here at Rationalia?


Aside from that I generally concur with what you have to say.

[Xamonas Chegwé]

Xamonas Chegwé,

Coupled with an inability / unwillingness to regulate ANY trading activity just as long as the shekels keep flowing.

I appreciate the sentiment, but not the anti-Semitic undertones. What the fuck have shekels got to do with anything save for the fact that they are a Jewish currency? This is rather repellent, and is more than a little insightful with regards to your position on Israel. I shall keep this statement for posterity, as it were.

Is there a policy on racism here at Rationalia?


Aside from that I generally concur with what you have to say.

Are you serious? Sometimes it is a little hard to tell.
http://dictionary.reference.com/browse/shekel

Note definition 4. Shekel can be, and often is, used as a synonym for money. The phrase I used, "the shekels keep flowing" is not an uncommon one. Anti-Semitic my arse.

Your opinion of "my position on Israel" is based on my criticism of one political action. I have visited Israel many times and, as with every other country in which I spent time, it has its good and it has its bad. You will have to look long and hard to find a racist bone in my body.

And it is delightful to discover that we agree on something, even if you used that agreement for an unwarranted attack.

[leo-rcc]

John Stewart really did a number on him on the Daily show, it was embarrassing for Jim Cramer.

[FedUpWithFaith]

Xamonas Chegwé,

Coupled with an inability / unwillingness to regulate ANY trading activity just as long as the shekels keep flowing.

I appreciate the sentiment, but not the anti-Semitic undertones. What the fuck have shekels got to do with anything save for the fact that they are a Jewish currency? This is rather repellent, and is more than a little insightful with regards to your position on Israel. I shall keep this statement for posterity, as it were.

Is there a policy on racism here at Rationalia?


Aside from that I generally concur with what you have to say.

Are you serious? Sometimes it is a little hard to tell.
http://dictionary.reference.com/browse/shekel

Note definition 4. Shekel can be, and often is, used as a synonym for money. The phrase I used, "the shekels keep flowing" is not an uncommon one. Anti-Semitic my arse.

Your opinion of "my position on Israel" is based on my criticism of one political action. I have visited Israel many times and, as with every other country in which I spent time, it has its good and it has its bad. You will have to look long and hard to find a racist bone in my body.

And it is delightful to discover that we agree on something, even if you used that agreement for an unwarranted attack.

I've never seen anything anti-Semitic about you XC. But, I still haven't forgiven you for Jewin' me down on that car I sold you last year. It was worth at least $1000 more than you paid me, you fuckin' Limey bastard.

[al-rawandi]

Xamonas Chegwé,

Coupled with an inability / unwillingness to regulate ANY trading activity just as long as the shekels keep flowing.

I appreciate the sentiment, but not the anti-Semitic undertones. What the fuck have shekels got to do with anything save for the fact that they are a Jewish currency? This is rather repellent, and is more than a little insightful with regards to your position on Israel. I shall keep this statement for posterity, as it were.

Is there a policy on racism here at Rationalia?


Aside from that I generally concur with what you have to say.

Are you serious? Sometimes it is a little hard to tell.
http://dictionary.reference.com/browse/shekel

Note definition 4. Shekel can be, and often is, used as a synonym for money. The phrase I used, "the shekels keep flowing" is not an uncommon one. Anti-Semitic my arse.

Your opinion of "my position on Israel" is based on my criticism of one political action. I have visited Israel many times and, as with every other country in which I spent time, it has its good and it has its bad. You will have to look long and hard to find a racist bone in my body.

And it is delightful to discover that we agree on something, even if you used that agreement for an unwarranted attack.

Yes I noticed the 4th definition, a slang term. Care to think about why Jewish currency became slang for money? The answer is rather obvious to anyone who bothers to think about it. I might entertain the notion that you didn't put this together in your head, but it might take some convincing. As for the Israel thing, if you have been following the situation in Gaza you would note that this so called attack on the UN school was grossly exaggerated and that the death toll was only twelve, 10 of whom were Hamas members carrying weapons. So dry your eyes. BTW, the "UN" in Gaza is comprised of Arab-Muslims (many Hamas), the propaganda was staggering.

I don't think we totally agree, free markets are still the best method for running an economy, I just tend to think more popular influence on them is better than less. You will find it hard to get me to agree that socialism is the answer as, aside from Islam, the greatest impetus to violence in the world has been Marxism and Socialism. This common good nonsense gets trotted out every time some poor fuck is getting steamrolled. I just happen to agree that the American notion of "Libertarian" is perverted, although I would still consider myself a true Libertarian in the Chomsky sense.

[Chinaski]

John Stewart really did a number on him on the Daily show, it was embarrassing for Jim Cramer.

Jon Stewart is the best newsman, period. To his credit, however, Cramer handled himself remarkably well given the position he found himself in.

[leo-rcc]

John Stewart really did a number on him on the Daily show, it was embarrassing for Jim Cramer.

Jon Stewart is the best newsman, period. To his credit, however, Cramer handled himself remarkably well given the position he found himself in.

Agreed, but he had to eat crow after his remarks on NBC affiliated shows towards Jon Stewart.

[Chinaski]

John Stewart really did a number on him on the Daily show, it was embarrassing for Jim Cramer.

Jon Stewart is the best newsman, period. To his credit, however, Cramer handled himself remarkably well given the position he found himself in.

Agreed, but he had to eat crow after his remarks on NBC affiliated shows towards Jon Stewart.

Absolutely. Stewart owned his ass, like he always does. It would be a dream job to work on the daily show