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


To: Follies who wrote (11611)9/23/2008 1:23:23 AM
From: Real Man2 Recommendations  Read Replies (1) | Respond to of 71412
 
Yes, they manipulated markets during every options expiration
that went bad in the past year. Here these are:

Aug. 07 = surprise discount rate cut
Jan 08 = 2 huge cuts
March 08 = Soup of facilities, Bear bailout
July 08 = Sec "bans" naked shorting
Sept. 08 = Sec "bans" shorting

Manipulation is a rule for every expiration. Before the
credit crisis it amounted to huge liquidity injections, which
always gave the big banks/derivative MM a profit. Now it became
explicit. Well, 1998 LTCM event was a manipulation of
derivative markets by Greenspan, during expiration week as
well, so all this has a very long history

Now that all this is very explicit, the question is
credibility: Who wants to play rigged markets if
you can just leave? Nobody can control that, money can
leave in nano-second. When the capital leaves, we have a
run on the currency.

US markets have not been free for quite some time, but
lots of folks refused to believe that, linking manipulative
surprises to their own bad judgement. I guess this
past week clarified the situation.