In recent days we have seen HUGE swings in the stock market...The FED has a Plunge Protection Team created by Executive Order 12631 under Ronald Reagan
See http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets
This 'team' receives it orders from the FED on a daily basis(how would YOU like THAT inside info) and attempts to run the market up so every thing seems just dandy in America
If you follow the Market, you may have noticed that the market opened down and was falling on Friday....THEN all of a sudden there is a magical upward shove and the indicators are marching a solid straight line for a positive close...The market was not acting the way the indicators said it should, which suggests 'Plunge Protection Team' on the job!
One way the insiders can rig the market is to use their high-speed direct computer links to place a huge order for stocks, then when the market reacts to the order by moving upwards, canceling the order. As the market plateaus, the order is placed again and as soon as the index starts up, again canceled. By repeating this trick hundreds of times a second, insiders with direct high-speed trading systems (such as Goldman Sachs) can game the market indices up while the media assures you this is all because of a good jobs report which only days ago they were reporting was bad!
"Reuters NYC: The Labor Department reported that the economy created 117,000 jobs in July and revised the prior months’ growth slightly to bring the average over the last three months to 72,000 jobs per month. This rate of job growth is below the 90,000 a month needed to keep pace with the growth of the labor force. Consistent with this fact, the employment to population ratio (EPOP) fell slightly to 58.1 percent, tying its previous low for the downturn. While the unemployment rate edged down to 9.1 percent, this was entirely attributable to people leaving the labor force."
With access like that you could make millions in a few seconds or destroy or sky rocket a companies stock in a few seconds to create a 'good market outlook' for the lamestram media to support your lies....its THAT easy...
The losers are ordinary investors, municipalities and pension funds.
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