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So much for transparency
Wall Street = Crooks
The government which ever party is in power is in bed with Wall Street.
Stop paying the hidden tax that is wall street.
What did anyone expect? Niederauer is ex GS...
SEC lackey convey the big firms' displeasure to the SEC and other "regulators" via their most trusted and best compensated conduit, while in the meantime making shorting impossible. And after all, who really reads boring legal memos these days... aside from other special interest groups at the SEC of course.
t would be safe to say that between their extensive Wall Street interests, the two lawyers might appear to represent anything but a fair and unbiased perspective on the real troubles that ail Wall Street. As for the latter, which just 3 months ago was in cardiac arrest, why not have an old
It seems that all odds are against retail investors. Any comments that can help retail investors is greatly appreciated!
Basically, fundamentals are out of the window when possibilities are in, and the ibanks are sitting on a mountain of cash, so they can move the market and distort the technical analyses. By the way, shorting the market is extremely difficult with the rules and state street. Accounting books are cooked.
What can we do?
i can't see why any retail "investor" would want to be in this type of market....anyone "investing" in these markets are speculators and as always caveat emptor applies "with conviction"
Aleksandra didn't answer her phone for me, but I left her a message.
Not good news, BUT on the other hand I'd hazard a guess that ZH has touched a GS nerve ;-) Keep probing...
Pete - who really wants his own login to work.
The NYSE is a complete farce, which is as fraudulent as the rest of the gang it serves.
Just had a look this morning at the DJIA and the S&P 500 graphs from yesterday. I thought I am seeing double: They look exectly the same!
I guess it's the algorithm - or and odd data problem (not).
No such thing as ex-GS.
ex GS or dead?
'bout time to take my ball and go home.
I worked at McKinsey, they are the same way, yet far more secretive, as they are privately owned. Former McKinsey partners are at every level of government, and many of them are now CEOs of major firms around the world.
Hmmm, didn't the NYSE CEO work at Goldman for 22 years?
If find a basketball analogy to be most helpful: Goldman Sachs is the Haarlem Globetrotters, we are the Washington Generals. Any attempt on our part to play real basketball will be put down ruthlessly. Our only real options are to be "straight men" to Wall Street hijinks, or to not play the game.
If I can't see what they are doing with my money, they won't get it. Otherwise, it's just a Madoff Ponzi scheme.
I'm gonna see if I can figure out how to cheat on my taxes from now on. Or maybe just move to Canada. Fook these mobster TARP singling crooks!
Alex and Bobby didn't answer my calls either, so I left them both messages stating not only my disbelief, but my unhappiness!
NYSE = PWNED
How else do we expect the government to hide it's PPT purchases?
Just in time to screw me on my short trades again, and just when it was becoming profitable again. Tomorrow we try again so look for a nice afternoon rally to completely screw me.
Personally I'm tempted to turn the computers off and just join them by buying some cheap out of the money SPY calls (on sale now for 22-24% IV), cause you know that without transparency and low volume PPT is going in big time.
"The [NYSE] and all their tribe... really think it is terrible that the securities business should be made [transparent] rather than a refined and intricate form of fleecing." [Paraphrased from a 1933 letter regarding the Investment Bankers Association]
BHO's Email address if you care to bombard him as I have since they mistakenly emailed me asking me to 'roll up my ...'
Another move signaling the end I fear. This is like admitting this thing is so big, so bad and the hole is so deep they have no other options. Shut the public out. We just got owned. It appears the pace of the fraudster's actions is picking up, which is not good sign either.
If you missed it Prag Cap did a nice post http://pragcap.com/the-goldman-sachs-conspiracy/comment-page-1#comment-2575
IMO the Martin Armstrong piece is unbelieveable.
I'm done with it. screw em
BTW, we're having two separate comment strings evolve between old and new ZH site. TD, any way to consolidate?
this speaks to the influence of zh....boycott the nyse....anyone playing in these markets is a speculator anyway which is just a hair's width from gambling....
let them play by themselves....there are other ways of truly investing money....this is so like the crack up of the soviet union....believe me they are desparate just like the last days of the french monarchy and the kremlin...
Fearing a jury might be shown public data, the criminal returns to the scene of the crime and wipes it clean.
What about em market integrity? F. lunatics, are they willing to lose the little reputation they have? Somehow I am not surprised that they are losing the market share to their competitors.
This is just another bad omen of how fowl reality is.
When the situation is so desperate that PR must move into and manipulate markets so as to con the public into believing media PR that everything is ok, it is like a 180 decibel klaxon signaling danger.
This is a political ploy employing investment banks and other insiders as PR tools. Of course, part of the deal is that the insiders get to keep the spoils of this manipulation. Any thing that is opposite the program will be destroyed to the extent possible - nothing personal at all, except your money.
Your only hope is to be on the correct side of their program.
Just change the name of the NYSE to "Area 51 Bucket Shop".
They pulled the same stunt with foreign interest reporting on Treasuries. Pretty soon we won't be able to pull stock quotes, just BELIEVE US, all is well.
Welcome to Zimbusabwe!!
Change you can only believe in. Ha.
Tyler - you should really talk to someone who actually works in program trading before you go off and incite riots amongst your rabid followers with misinformation.
The exchange will still publish the data - and it will probably be better quality data, since it will be captured directly by the NYSE upon order entry, rather than relying on the brokerage houses to submit the data themselves on the DPTRs. One type of data that certainly will not get lost in the shuffle is the principal data you love so much. If anything will show up less, it's "customer facilitation" orders, which are crossed off-exchange.
-Kid Dynamite (and no - i have no affiliation with, or love for, the NYSE or GS)
Agree, there is tendency to shoot from hip... still, I'll believe it when I see it (the weekly NYSE report after July 14th, that is). At same time, two-tier regulatory approach and systemic wide effort to reduce transparency (SLP, dark pools, IOIs, etc.) has led to an undermining of public trust in capital markets... this is not good for the market long run. Bankers shooting themselves in the foot.
The only way to win is to remove funds from your bank accounts (crippling fractional reserve banking), sell out of the markets and take physical possession of silver and gold.
Protesting is useless, writing to them is useless, therefore the best solution is not to play. If a fraction of the people employed this tactic, there would be runs at the COMEX, which would lead to a serious event that would question the integrity of the entire financial system.
Don't worry though, the backdoor defaults of the metals market will happen soon enough.
"chains you can BEREAVE in."
I guess you can react to the destruction of free, fair and open markets by calling someone and complaining.
But I'm going to fold-up my equity trading account and stay out. I'll buy more guns and ammunition with the money I'm not longer going to spend on commissions.
Guns and ammunition, people.
this is an eastern european solution....
maui73 from hungary
In London two years ago I met two GS staff over dinner and gave my thoughts on the impending crash and possible market manipulation . I was not the most popular person that evening and was accused of spoiling the evening with my dour predictions. My retort then and is now, "at least I only spoilt dinner, how many lives will you spoil?" They were oblivious to it all. Probably still are in their insulated manipulative world. Jealousy I'm sure!
Tyler - you should really talk to someone who actually works in program trading before you go off and incite riots amongst your rabid followers with misinformation. The exchange will still publish the data - and it will probably be better quality data, since it will be captured directly by the NYSE upon order entry, rather than relying on the brokerage houses to submit the data themselves on the DPTRs.
One type of data that certainly will not get lost in the shuffle is the principal data you love so much. If anything will show up less, it's "customer facilitation" orders, which are crossed off-exchange. -Kid Dynamite (and no - i have no affiliation with, or love for, the NYSE or GS)
Is it possible GS made them stop doing the report BECAUSE of zerohedge? Be curious to know that answer...
Could we make a petition for information on the presidents working group's activities based on the FOIA?
Tyler, What can folks do to protest besides post flames on this board? Whom can we write or call? Listing a problem without proposing a remedy is useless.
These people are arrogant because they control us. They make the money. They own you.
Die in poverty suckers. I am Goldman and I rule the world.
Monopolies are illegal. They can be attacked by competitors who are harmed, or the government. Can GS payoff everyone to maintain their monopoly?
i shall now return to reading HG Wells
"The Shape of Things to come" 1933
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