|
PureBytes Links
Trading Reference Links
|
There is an interesting analogy when J.P. Morgan invited
Jesse Livermore
to a private meeting; circa 1907. He asked to infamous
trader to stop naked short
selling. The other measures Morgan then put into place
were credited
for saving the economy. Or so the story goes. Now you
have Paulson
and Bernake (now J.P. Morgan) telling the hedge funds
(Jesse Livermore)
that it is OK to sell naked short. That's how they were
able to manipulate
prices down. So the story goes, Moran's measures would
not have worked
had Livermore not agreed to stop naked short selling.
Fraud is rampant
and people should be going to jail and instead are bailed
out. The only
'moral hazard' was when the banking cartel was instigated
by the FRA of
1913.
===============================================
On Wed, 17 Sep 2008 19:19:18 -0700
"Brad Cline" <bradcline@xxxxxxxxxxx> wrote:
> If there was more intrinsic value, the hedge funds
>wouldn't be able to force them so low would they? It
>looks like they are mostly paying the piper for their
>greed over the last few years? All of these board members
>need to be looked at criminally.
> Brad
> ----- Original Message -----
> From: Robert Arbuckle
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Wednesday, September 17, 2008 6:54 PM
> Subject: [RT] My thoughts on the market
>
>
>
> I admit that I have not seen anything quite like what
>is going on before. I've been at this for about 37 years
>and I've seen a few bear markets but never the
>destruction of one firm after another after another. I
>am fairly well convinced that hedge funds are working
>together and taking these financial firms apart. They
>know that if they drop the share price significantly, the
>firm will be forced to raise capital which they can only
>do to a point and then, it's end game. Mean while, they
>have shorted the hell out of the stock and walk off with
>a big bonus while the share holders, employees and
>associated businesses are left with nothing.
>
> I think that enforcing the naked short rule will help
>this situation and it may help it a lot. We should put
>the uptick rule back in place too. Speaking of hedge
>funds, it's way past time they were caused to be
>transparent. If not for the good of those who have
>invested in the funds, then for the good of the
>investment community as a whole.
>
> Last, as expected, we are now seeing forecasts of total
>gloom and doom and today, gold rose $80 an oz and 2 month
>bills had a negative return. If that isn't capitulation,
>there is no such thing. The enforcement on naked
>shorting kicks in tomorrow ... capitulation was today ..
>Thursday will be very interesting.
>
> Bob
>
>
------------------------------------
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/realtraders/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/realtraders/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:realtraders-digest@xxxxxxxxxxxxxxx
mailto:realtraders-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|