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To: Hawkmoon who wrote (111329)5/6/2010 9:14:21 PM
From: roguedolphin3 Recommendations  Respond to of 116555
 
<<"Personally speaking, without any evidence, my gut tells me this was the mother of all "bear raids" that permitted many of those mmkrs and specialists who had been getting severely short squeezed, the opportunity to cover shorts and build supply.">>

If only my dear old mentor Richard Ney were still alive...what would he have to say today??

Richard Ney


Hollywood Actor and
Investment Advisor
hermes-press.com

There were only two people who were not allowed to be guests on NBC's Tonight Show during Johny Carson's reign: Ralph Nader and Richard Ney.

When Richard Ney's first book, The Wall Street Jungle, came out it was on the New York Times best seller list for 11 months. Yet the New York Times would not review it. The Wall Street Journal refused to take an ad from a New York bookstore that featured "The Wall Street Jungle".

Interview

On February 5, 1997, I was pleased to receive Mr. Ney's phone responses to these questions:

1. Did the ‘87 stock market “crash” result in any positive improvement in the overall Wall Street system?
Ney: No.

2. Do you think the ‘87 “crash” was orchestrated by the specialist- investment banker cartel?
Ney: Yes, orchestrated by the specialists with the knowledge of the investment bankers, as evidenced by their huge stock accumulations on Monday, October 19th.

3. Would this cartel benefit from an even larger “crash” in the future?
Ney: Yes, and the specialist cartel is currently planning just such a crash, as evidenced by the provision for the 350-point cutoffs.

4. Are there ways Americans could work toward a reform of the stock market?
Ney: Probably not. It's too highly controlled by people with vast sums of money.

5. Are increasing numbers of people able to understand the specialist con game as you explain it?
Ney: Yes. However, there are still far too few to be able to make much change in the stock market. Most people still believe the stock market is too respectable to carry on a scam such as it is.

At the time of the interview, Mr. Ney indicated that he was revising "Making It In The Market" and hoped to release it soon. The revised book did not appear before Mr. Ney's death in 2004.

__________

* Ney, Richard. The Wall Street Jungle, fifth printing. New York: Grove Press, Inc., 1970.

* Ney, Richard. The Wall Street Gang, third printing. New York: Praeger Publishers, Inc., 1974.

* Ney, Richard. Making It In The Market. New York: McGraw-Hill, 1975.

* Richard Ney on the Role of the Specialist

* The Ney Report

Richard Ney
From Wikipedia, the free encyclopedia
en.wikipedia.org

Richard Ney
Born November 12, 1915(1915-11-12)
New York City, New York, USA
Died July 18, 2004 (aged 88)
Pasadena, California, USA
Years active 1942–1967
Spouse(s) Greer Garson (1943-1947)
Marsha McMartin (? - ?)
Mei-Lee (1987-2004) (his death)

Richard Ney (November 12, 1915 – July 18, 2004) was an American actor and investment counselor.

He was born in New York City, the son of Erwin Maximillian Ney and Rebie M. Flood. He was the grandson of the Rev. Theodore L. Flood, editor of The Chautauquan.

A graduate in economics from Columbia University, Ney is remembered best for his role in the Oscar-winning World War II film Mrs. Miniver (1942), and for his short-lived (1943–1947) marriage to his co-star Greer Garson, who played his mother in the film. He also appeared in The Fan (1949).

Ney's one Broadway venture was the 1958 musical Portofino, which he produced and for which he wrote the book and lyrics. It closed after three performances.

He acted mostly in television with occasional film roles until the mid-1960s, by which time he had successfully transitioned to a career as an investment counselor. He wrote three highly critical books about Wall Street, asserting that the market was manipulated by market makers to the detriment of the average investor. The first of these, The Wall Street Jungle, was a New York Times bestseller in 1970. The second and third are The Wall Street Gang and Making It in the Market.

He has a stepdaughter named Marcia McMartin.
[edit] External links

* Richard Ney at the Internet Movie Database