Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (5901)	4/5/2008 7:09:41 PM
From: Real Man	Respond to of 71402

Bulldog was the one who also wrote this in 2004, as I've seen it first on a bearish forum where he posted. He claimed later that mysterious futures buying first appeared at or near 2002 market bottom. Then it grew larger. At first he was laughed at. Now it seems a lot of folks are seeing the elephant prints on the tape. He also was the one who wrote that essay on counterparty group later on, I believe. John Mackenzie was the forum host. He still posts on prubear forum. He is outraged. Although, on a personal note, he was wiped out completely in the chaos following Greenspan-engineered post-LTCM meltup in 1998, because his hedging order did not go through in the panic buying that followed. He lost 7 figure amount and his wife shortly after the event. Naturally, he hates AG and the Fed. Is he fully objective? Volatility can stay down on its own, just like risk premiums did, due to the credit bubble. Put sellers were in control. They made tons of cash. In fact, market making in options is in a way similar to bonds, with volatility being the risk premium. Risk premiums went down everywhere due to the growth of derivatives markets financialsense.com "Only have a minute, but will write more later but…The entire S&P price action in the Futures is being controlled by one counter party. All the guys strongly hate them: their CME clearing number is 990N and they clear through Gelber trading. That one account is solely responsible for the current level of the S&P. They are the ones that are throwing the S&P up overnight. Then they are the ones that are sitting on the bid all day long, supporting the market action. The S&P pits have been decimated, absolutely ruined. There is no volatility, so all the traders have left. Now the hot pit is the Eurodollar pit. Go figure, that used to be like watching paint dry. All the traders I have talked to view the market as being rigged. They keep waiting for the price action to break loose, but it never does. They are stunned by the lack of volatility. And furious. Time after time after time 990 just sits there on the bid. Don't they ever go away. They just absorb the entire market and then push the price wherever they want it to go. "Gee, I wonder who that counter party is." They are all terrified of shorting, because every time they do, they get drilled. I thought it was just my systems that weren't working that well, but they are far more dispirited than I." dailyreckoning.com Is it possible conspiracy theorists have it right? I believe so. We've seen some significant rule bending and quite a few surprise cuts in the last 7 months, and the SP is down what, 10-15%? If so, this is very criminal.