bt310

How Was March a Bad Month?

These firms are using taxpayer dollars and yet they are essentially letting their trading desks short the market. Nice. They have the firepower to move the markets anyway they want. JP Morgan was caught manipulating the market in Poland by buying the heaviest weighted stocks in huge volumes and actually moving the market 8-10% in twenty minutes. You don't think that's possible in the US when you can collude with several others your size?Next time you see XOM CVX PG JPM moving 2 dollars in 15 minutes remember that they are the biggest weight in the S&P. Those SPX/SPY options can be bought cheaply and sold at a nice profit after you bid up the heavyweights. It's amazing how the selling pressure stops once these big firms get their way.