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Don't be a muppet.
Topic Started: Feb 12 2018, 07:58 PM (79 Views)
Jolly
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The Truth is out there.
Are the markets rigged?

https://www.zerohedge.com/news/2018-02-11/economist-it-appears-market-conspiracy-theorists-were-right
The main obstacle to a stable and just world order is the United States.- George Soros
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taiwan_girl
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Fulla-Carp
Seems kind of goofy to me (but I admit I did not read the three papers the writer writes about). There are billions and billions of dollars traded everyday around the world. Just does not seem possible to me. But, who knows? LOL
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Copper
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Shortstop

Quote:
 
Of the three papers, the Economist reports, one argues that well-connected insiders profited even from the financial crisis, while the other two go so far as suggesting the entire share-trading system is rigged.


If it's not it should be.

Not necessarily one big rig, but at least a lot of little rigs.

The Confederate soldier was peculiar in that he was ever ready to fight, but never ready to submit to the routine duty and discipline of the camp or the march. The soldiers were determined to be soldiers after their own notions, and do their duty, for the love of it, as they thought best. Carlton McCarthy
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Jolly
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The Truth is out there.
Copper
Feb 13 2018, 08:01 AM
Quote:
 
Of the three papers, the Economist reports, one argues that well-connected insiders profited even from the financial crisis, while the other two go so far as suggesting the entire share-trading system is rigged.


If it's not it should be.

Not necessarily one big rig, but at least a lot of little rigs.

Absolutely.

I recently had a friend who made a killing on some inside info, relayed to him by an employee of a company that was undergoing a merger that was not common knowledge.

I'm guessing this happens all the time.
The main obstacle to a stable and just world order is the United States.- George Soros
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taiwan_girl
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Fulla-Carp
I am sure it does, and there are many inside trades going on. But I still believe it is only a small small part of overall trade. A quick check said that average dollar amount on a daily level for NYSE is billions and billions. NASDEQ is ~ $130 billion. Hang Seng in Hong Kong is billions and billions.

I would not be surprise if all over the world, the amount was almost ONE TRILLION per day.

People are cheating? Yes. Are they making millions? Probably. Is the overall market rigged? No.

I would be curious what Jon thinks as I believe he was involved in this previously?

EDIT to say that I am not saying Jon was involved in rigs in the market, but was involved in the stock market in general! LOL
Edited by taiwan_girl, Feb 13 2018, 08:48 AM.
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Jolly
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The Truth is out there.
What happens to a muppet that implicitly trusts his broker and never keeps tabs on his money?

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The main obstacle to a stable and just world order is the United States.- George Soros
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