Doc;
No one is patronizing you. I'm not asking you to be a believer. It simply makes sense. Have you known any market makers personally? You'll find that many double as retail stock brokers. Talk to your broker, if you have one and find out if his company makes a market in certain stocks. The larger the brokerage house, the more stocks they will make a market in. If they make a market in a stock it follows that they supply the money to the market maker to make the market. If their monies are at risk, what do you think they do? On the NYSE they are prohibited from owning specialist firms so they use an intermediary, the investment banker. Check the specialist operations and find out who owns them. It is almost always a bank or and investment banking operation. Arguing with me gets you nowhere. The facts are what they are, if you care to check them out.
I never saw anyone , in business that would put money at risk without wanting some control. Not to do so is bad business. Its stupid. When billions are risked to provide liquidity where do you think it comes from? Doc, I hate to say this but conspiracy is the normal state of affairs, when money is involved. Some are hidden and some are even, blatant. It is almost axiomatic that the more money involved, the more conspiracy you will find. I could cite endless examples. Why, endless? It is reasonable to assume it, after examining the evidences, that it is an everyday occurrence. One cannot do business alone. To do business requires the cooperation of other parties. Business is a cooperative effort. To insure profit requires control.
Bill |
