dailyreckoning.com
Hey, West - read the above link. An illegal manipulation
of the stock market using e-mini futures has been going on
for a while. I see no reason why it will stop now. This market
is not free. Therefore, it won't go down. As simple as that.
I agree, when it does, it will get flushed down the toilet.
You can watch the link below around the big "bumps" to see
the huge blocks. You don't have to look far - they
show up as 200,000-1,000,000 blocks, compared to 3,000-15,000
normal trading. These blocks correspond to 9,000-15,000
SP500 e-mini futures contracts a minute bought for one account.
100,000 contracts is the legal limit. These orders are crossed,
which is also illegal, and obviously exceed position limit for one account.
The tick average for the past 3 years has
been +600, compared to +50 in 1999. There has been no 2%
down day for the SP for 2 years, compared to 1 2% down day
every 9 trading days in the normal market. This is far
more than 10 standard deviations, and is statistically impossible in a free market. There have been a few strong up
days. 3 biggest up days in 2005 have mysteriously occured
exactly 1 day before the Fed did 2 coupon passes in a row.
Some banks were illegally tipped by the Fed? You decide.
There is absolutely nothing that indicates that it's over,
at this point. This happened again last week.
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