Ironic. Growing mobs are descending on Wall Street protesting the huge amounts of money being made by insiders and professionals. Let’s have a look at Apple, and the lack of transparency on its inner workings, and how Steve Jobs protected his health problems, and how that effected Apple’s stock price. Rumors caused it to jump around, while only insiders (call them friends) had the knowledge of how and when to jump in with leveraged trading.
Moving on, what now? Check out what happened to Polaroid (Edwin Land, and the blue chip which recently went bankrupt), or Disney when Maria Bartiromo’s father-in-law tried to make a run on the ailing company (Walt Disney, and the company came back with renewed energy) or Kodak (George Eastman, and as we speak, the blue chip company nearing bankruptcy).
Time is near when there will be a sea-change in the technology of how computers will be run and their operating systems changed – using light beams, perhaps, and the next innovator will be on the scene. Then watch what happens to AAPL. Goodbye. But as an “investor” friend of mine breathlessly told me, I ain’t gamblin’ and goin’ short…because…because…the pot of gold lies in WHEN!
A Market Meltup on Wednesday October 5th, 2011
In less than 45 minutes yesterday, just before the usual dreaded down day close, Wall Street, as expressed by the Dow, went up 4%!
45 minutes? A concerted effort by market makers (aka “they”) is what this was. A scientific forensic investigation should be mounted to find out how it is that a huge market can act with all participants in concert with each other. Assume you’re a bear, like most hurting knowledgeable people are. Unless one has the money to be a “fundamental short”, it means put options. And how does the market fix it? Well, for one thing try and get a 3-month-out-option, the preferred one in terms of price and the ability to survive one reversal. They are simply not available. You are forced to either buy a 2 month out or a 4 month and longer, which are expensive. Why is this true (except for very active stocks)?
It’s called artificial rigging. Nothing to do with government, or regulators. “They” do it because “they” can, and “they” have insider knowledge, and work like a gang. And “they” are stealing our money, uncaught. Oh to have the privilege of roaming the floor of the stock exchange!
One could laugh it off by saying that Wall Street is wanking (masturbating) in a lengthening and expanding trading range, to a fantasy of future prosperity. The drop (droop?) will come for the mass orgy of the world’s participants.
Posted in "Wall Street" "stock market" Dow "market makers" options, COMMENTARY-Passing parade, MY STOCK MARKET