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Forum Post: Stock Market Manipulation At Its Very Best

Posted 11 years ago on July 20, 2012, 6:56 p.m. EST by enough (587)
This content is user submitted and not an official statement

http://blogs.wsj.com/marketbeat/2012/07/19/sawtooth-trading-hits-coke-ibm-mcdonalds-and-apple-shares/?KEYWORDS=paul+vigna

Where are the cops?

7 Comments

[-] 1 points by freakyfriday (179) 11 years ago

A thread on real, genuine OWS issues?? How rare

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[-] 1 points by enough (587) 11 years ago

This is smoking cannon gun evidence of illegal stock market manipulation, writ large for everyone to see. The implications are huge for the integrity of our markets. Honest investors are effectively paying a stealth tax on their trades to the firms running the algos. Government regulators won't do anything unless public pressure is brought to bear.

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[-] 1 points by DKAtoday (33802) from Coon Rapids, MN 11 years ago

At Dunkin Doughnuts

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[-] 1 points by shoozTroll (17632) 11 years ago

Cops?

They're busy tazering some guy for smoking a joint. No time for the most damaging criminals.

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[-] 1 points by Nevada1 (5843) 11 years ago

Thank you for link. Good to know.

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[-] 2 points by enough (587) 11 years ago

Yeah, this is classic stock market manipulation right out there in everyone's face. It looks like high frequency algo traders don't care anymore if the whole world sees what they are doing. Usually, they keep their front-run and pump-and-dump market manipulations to time intervals of a few seconds or a few minutes. This time, either by mistake or by design, they showed us they can do it all day long. After all, they know that Securities and Exchange Commission, which is supposed to watch out for us, is sitting on its hands while Wall Street traders rip us off in broad daylight.

The regulators didn't do anything about Libor manipulation and they aren't doing anything about computerized stock manipulation. At least, they are consistent. Meanwhile, the main stream media is asleep at the wheel. They wouldn't recognize a market mega-scandal if it hit them between the eyes with the lights on.

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[-] 2 points by Nevada1 (5843) 11 years ago

Hi enough,

Yes, both regulation and main stream media coverage are missing. It all gets worse, every day.

Investors might as well go to Vegas, as opposed to Wall Street.

Strange world we live in.

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