How the NY Stock Exchange really works by piratenews

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How the NY Stock Exchange really works

POSTED BY: PIRATENEWS
UPDATED: Thursday, August 20, 2009 12:36
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Wednesday, August 19, 2009 6:21 PM

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!

Quote:
“The story is told that after he had been deported to Italy, Lucky Luciano granted an interview in which he described a visit to the floor of the New York Stock Exchange. When the operations of floor specialists had been explained to him, he said, ‘A terrible thing happened. I realized I’d joined the wrong mob’” (1Ney, 8)

http://www.lewrockwell.com/blog/lewrw/archives/33424.html

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Wednesday, August 19, 2009 11:40 PM

FREMDFIRMA

Don't you love how after ADMITTING it's a total scam, they then try to give you advice on playing the game they just admitted is totally rigged ?

Idiots.

-F

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Thursday, August 20, 2009 4:15 AM

DREAMTROVE

I don't have the exact quotes in front of me, but

Henry Ford: The stock market was created by the banks as a way of owning and controlling industry

Milton Friedman: The market was deliberately crashed in '29 by flooding it with capital in the 20s and then calling in the loans.

I think those two positions are efficient to explain what's happening now. Now ain't it intersting? Bernanke is an expert on the depression, so he should know how to stop one... or create one.

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Thursday, August 20, 2009 8:12 AM

MANGOLO

I'm totally with you all on this one. I saw it coming. I pulled all my money 3 weeks before it happened. I also looked at the numbers at saw that the main numbers (traded deficits etal) hadn't gotten worse, but actually improved! I got back in 1 month after the crash and have made almost 200% on my investments in 7 months. If a hack like me can do this, why can't the experts figure this out and fix it?

Because, as you said, they control it.

http://www.facebook.com/group.php?gid=86085840444

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Thursday, August 20, 2009 9:36 AM

DREAMTROVE

Just because no one's mentioned it: Isn't it odd that Jim Cramer is the most followed stock advisor, even though he's always wrong, err. lying, and strange how after admitting to felony fraud he was not charged and didn't lose his show, and how he's another former Goldman Sachs guy, like almost everyone else in this mess.

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Thursday, August 20, 2009 10:14 AM

MANGOLO

Quote:
Originally posted by dreamtrove:
Just because no one's mentioned it: Isn't it odd that Jim Cramer is the most followed stock advisor, even though he's always wrong, err. lying, and strange how after admitting to felony fraud he was not charged and didn't lose his show, and how he's another former Goldman Sachs guy, like almost everyone else in this mess.

Did you see when he was on Jon Stewart and Jon pulled the clips of Jim talking about how easy it is to manipulate the market?

http://www.facebook.com/group.php?gid=86085840444

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Thursday, August 20, 2009 12:36 PM

DREAMTROVE

Yeah, I did. Stewart really cornered him into admitting felony fraud on the air. Nothing ever happens to Goldman Guys, they're immune.

Cramer is just a menace, because if you're holding a stock he decides to play, you can lose a ton of cash. He makes stop losses meaningless. A stock can go from $8 to $5 just like that, and any sensible investor has a stop with 10%, so say you're stop is at $7.50, but cramer is jacking the pre-session, stock opens at $5, and you lose and extra $2,500 on a thousand shares for no reason other than Jim Cramer is an asshole.

This has happened to me personally enough times that I had to quit the market. I would've been up about 50% this year without Cramer-related losses. As it is, I broke even.

He got my mom too, and we don't even follow the same stocks. I follow high tech, she buys blue chips and transportations, so Cramer is all over the place, I figure he's probably gotten everyone at some point. He's a very "intelligent" guy, but at some point he'll screw over the wrong person.

These guys need to do some serious highway maintenance. Maybe make a few license plates.

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