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A freaking Miracle !


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#1 nimblebear

nimblebear

    Welcome to the Dark Side !

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Posted 15 February 2012 - 04:01 PM

How long has it been since the indexes actually ended the day down, when they either began the day down, or went down sometime during the day ? While there's a few minutes to go, and the freaking bots and algo's could still ramp this thing back to even, it appears this might hold. If we now ever get more than a 1 % down day, with all this monetary easing, printing, jawboning, and crooked bots and algo's, we might actually have a market worth making and then trading. Someone opined this market moves on rumors. I don't see it that way. This market only moves on quite thin volume, with so few participants, who are largely running this thing anyway they wish, and extracting the hindmost from any trader that thinks they can outsmart them. Shorts or longs for longer than a few minutes will be scorched, and so as nimble as you might be, they'll be far nimbler because they are obviously knowing all the positions, and writing algo's that take advantage of them in a most egregious fashion. To say this market is "rigged" would be a huge understatement, and an insult to the word "rigged." Complexsively wired to extract every dime from every soul, witting or otherwise, might be a little closer, but it doesn't begin to cover how close this is all tied into the Federal reserve, and worldwide ambitions that completely over-rule what any person, or even single organization might be able to say or even do.
OTIS.