Nothing unless you had a stop on it. Even then you maybe able to have the trade busted. The irony is that it outperformed the general market today.
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Had a guy renege on a bullion purchase yesterday afternoon because metals were down. He asked for his deposit back. I laughed. I laughed harder today.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
<< <i>Had a guy renege on a bullion purchase yesterday afternoon because metals were down. He asked for his deposit back. I laughed. I laughed harder today.
>>
When he comes back raise his deposit as well.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
We got a good look recently at what happens when the army recruits kids who spend their entire childhood playing video games and then puts them in a helicopter operating a video machine gun on targets a mile away. Maybe Walls St. hired some of these same kids to take care of the "programmed" trading.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Based on what they are saying, I wonder if a massive stock manipulation just took place? >>
From my inbox...Puru Saxena thinks so as well:
<<<Dear All,
Yesterday, the Dow Jones Industrial Average plunged by an astonishing 992 points, a record intra-day drop. Fortunately, strong buying came in late in the afternoon and the bellwether index finished the day with a decline of ‘just’ 348 points (-3.42%).
According to the mainstream media, the market got spooked by Europe’s debt problems and this is what caused this dramatic plunge.
In our view, this is total nonsense and the market sell-off could only have been caused by outright manipulation by market makers. The reason why we are convinced of this fraud is due to the fact that during the dramatic mid-day plunge, trading volume on most stocks was non-existent. If this was a genuine liquidation panic, trading volume (similar to the 2008-crash) would have gone through the roof. In fact, we urge all our readers to take a look at the intra-day chart of Procter & Gamble (PG on NYSE). Is it not astonishing that volume disappeared during the crash and is it not strange that at one point during the trading session, such a stable company lost roughly 35% of its market capitalisation?
Look. It is absolutely clear to us that some very large players orchestrated this selling panic via derivatives and when stocks got whacked, these crooks scooped up bargains. Put simply, this engineered panic was the brain-child of machine-driven trading and one of the biggest heists in financial history. According to an Australian newspaper, “a ‘human error’ at a major firm may have caused the huge plunge in the US stock market. A trading error known as the ‘fat finger problem” at a major investment bank may be responsible for the plunge”.
We partially agree with the above assessment but we do not believe that this plunge was caused by a ‘human error’. We can bet our bottom dollar that this outrageous sell-off was the result of outright market manipulation; a clever strategy designed to fleece the unsuspecting investors.
Given the fact that billions of people all over the world have the majority of their savings invested in stocks via pension schemes and retirements accounts, it is appalling that a bunch of crooks are allowed to create such intra-day volatility. In our view, the US Securities & Exchange Commission should launch an immediate investigation in order to establish which parties were responsible for putting out unusual ‘shorts’ via derivatives. And once their identities have been established, these sham artists should be sent to prison. Make no mistake, this blatant market manipulation is an outright fraud and the perpetrators must be held responsible.
In any event, yesterday’s sell-off seemed to be the climactic finale of the ongoing stock market correction. And after some additional consolidation, we expect the primary uptrend in our preferred investment themes to resume.
Have a great weekend!
-- Kind Regards,
Puru Saxena Chief Executive -------------------------------------- Puru Saxena Wealth Management Suite 1301, Tower One Lippo Centre 89 Queensway Hong Kong >>>
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation [...] Gold stands in the way of this insidious process. It stands as a protector of property rights." - Alan Greenspan
Comments
<< <i>What happened to my P&G? >>
Nothing unless you had a stop on it. Even then you maybe able to have the trade busted. The irony is that it outperformed the general market today.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
He asked for his deposit back.
I laughed.
I laughed harder today.
He asked for his deposit back.
I laughed.
I laughed harder today.
He probably plowed it into the stock market instead.
I knew it would happen.
<< <i>Had a guy renege on a bullion purchase yesterday afternoon because metals were down.
He asked for his deposit back.
I laughed.
I laughed harder today.
When he comes back raise his deposit as well.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
He reneged on a contract. If it was me, I'd service my real customers first and then demand cash only transactions, if at all.
I knew it would happen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>What happened to my P&G? >>
Nothing unless you had a stop on it. Even then you maybe able to have the trade busted. The irony is that it outperformed the general market today.
MJ
It was a great buy, briefly.
<< <i>Based on what they are saying, I wonder if a massive stock manipulation just took place? >>
From my inbox...Puru Saxena thinks so as well:
<<<Dear All,
Yesterday, the Dow Jones Industrial Average plunged by an astonishing 992 points, a record intra-day drop. Fortunately, strong buying came in late in the afternoon and the bellwether index finished the day with a decline of ‘just’ 348 points (-3.42%).
According to the mainstream media, the market got spooked by Europe’s debt problems and this is what caused this dramatic plunge.
In our view, this is total nonsense and the market sell-off could only have been caused by outright manipulation by market makers. The reason why we are convinced of this fraud is due to the fact that during the dramatic mid-day plunge, trading volume on most stocks was non-existent. If this was a genuine liquidation panic, trading volume (similar to the 2008-crash) would have gone through the roof. In fact, we urge all our readers to take a look at the intra-day chart of Procter & Gamble (PG on NYSE). Is it not astonishing that volume disappeared during the crash and is it not strange that at one point during the trading session, such a stable company lost roughly 35% of its market capitalisation?
Look. It is absolutely clear to us that some very large players orchestrated this selling panic via derivatives and when stocks got whacked, these crooks scooped up bargains. Put simply, this engineered panic was the brain-child of machine-driven trading and one of the biggest heists in financial history. According to an Australian newspaper, “a ‘human error’ at a major firm may have caused the huge plunge in the US stock market. A trading error known as the ‘fat finger problem” at a major investment bank may be responsible for the plunge”.
We partially agree with the above assessment but we do not believe that this plunge was caused by a ‘human error’. We can bet our bottom dollar that this outrageous sell-off was the result of outright market manipulation; a clever strategy designed to fleece the unsuspecting investors.
Given the fact that billions of people all over the world have the majority of their savings invested in stocks via pension schemes and retirements accounts, it is appalling that a bunch of crooks are allowed to create such intra-day volatility. In our view, the US Securities & Exchange Commission should launch an immediate investigation in order to establish which parties were responsible for putting out unusual ‘shorts’ via derivatives. And once their identities have been established, these sham artists should be sent to prison. Make no mistake, this blatant market manipulation is an outright fraud and the perpetrators must be held responsible.
In any event, yesterday’s sell-off seemed to be the climactic finale of the ongoing stock market correction. And after some additional consolidation, we expect the primary uptrend in our preferred investment themes to resume.
Have a great weekend!
--
Kind Regards,
Puru Saxena
Chief Executive
--------------------------------------
Puru Saxena Wealth Management
Suite 1301, Tower One
Lippo Centre
89 Queensway
Hong Kong >>>