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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (26759)	11/22/2011 9:50:21 AM
From: GROUND ZERO™	1 Recommendation Read Replies (1) \| Respond to of 219143

I would like to believe you're right, but I don't think anyone will get any of their money back... I cannot believe that guy Corzine is not already in jail... GZ

To: Sam who wrote (26759)	11/22/2011 11:35:17 AM
From: Hawkmoon	Respond to of 219143

once the dust settles and the investigators figure out where the money has gone to, most people will get most of their money back. I'm sure they will, if only because not to give them their money back will be a huge smear upon CME, who was responsible for oversight for MF Global.. This is a huge issue because it causes other traders to withdraw from the markets out of fear that their money will also be stolen, or locked up by another such fraud.. If Corzine's firm can do it, then how many other less "respectable" firms are engaging in the same practice? That HAS TO BE the fear out there.. Better to be in cash until risk/reward scenarios greatly favor taking risks (unless you're short, as I am.. ;0) And btw, on the day that the flash crash occurred, I was long TYP, the ultra-bear technology ETF. That bad boy, instead of soaring that day, went from $8/share down to .15/share, before rallying for a profit about an hour later.. That ETF should have shot to the moon that day.. So it's an indicator of how everything can be taken to the woodshed and slaughtered when the systems fail. Hawk