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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Joe Stocks who wrote (69576)	9/9/2006 10:30:13 AM
From: kylosabe	Respond to of 110194

Very nice synopsis. My guess is ‘private counterparty surveillance’ was at least temporarily a necessity after the Twin Towers fell. The combination of open trades, lost documentation and counterparties, ect... at a time of market dislocation would have surely required even the least piggish of men at large commercial and investment banks to work together to stabilize the market while accounts and trade-lines were closed, transactions were offset, cancelled, hedged, etc… A company like Cantor Fitzgerald doesn’t survive without the industry ‘circling the wagons.’ Unfortunately, what likely began in the public’s interest has probably mutated into what you describe today. As they say, ‘old habits (and networks) are hard to break’, especially when they are effective, successful, and spin money.

To: Joe Stocks who wrote (69576)	9/9/2006 5:24:33 PM
From: bart13	Respond to of 110194

Manipulation and collusion amongst the mega-large NYSE member banks, orchestrated by the Federal Reserve - or at least with their blessing - is the way of the market now. Program Trading is now responsible for 55-70% of all shares traded on the NYSE. Back in 1987 program trading only ran about 13%. During the crash of 1987 it got as high as 16%. As late as 1999 it was only running at about 20%. In early 2002 the 52 week average was running at 26% Nice recap, kudos. I've moved my program trading charts to my Fed watch page. Here's the current short & longer term pictures:

To: Joe Stocks who wrote (69576)	9/10/2006 5:43:07 AM
From: westpacific	Respond to of 110194

Joe, Can this new team stop the deflation crash, the K wave? Your research is just awesome and scary all the same. Thanks for your hard work. It just shows how out of control everything is becoming. Throughout human history manipulation has been around, nothing new - power and money equals corruption. Monkeys have big egos. What are your thoughts on this market - cycles are calling some real problems ahead (near term correction into year end, new rally upward then a final collapse down from whatever new high we establish there). Can they control the downturn? And depending on global events, maybe the spark is out of their control? It seems such. They have done well so far! Then again, maybe they have positioned themselves on the dark side and reap massive profits in a crash...why not, like they care about the little guy. Then they buy it all back up on the cheap once they decide on the bottom. (Just watch the technicals, these markets trade like computer programs - all buy and selling on the same pivot points). West