Evan Grey Owl

Former Wall St. Favorites Currently in Single Digit Territory

This market s clearly manipulated, and it started in earnest when the big investment banks met resistance from Congress in getting a blank check.

Some very deep pockets knew, before the rest of us, that the house wasn't going to pass to the bailout bill, an they were ready to dump huge amounts of stock. Then followed a lot of ugly fighting, very publicly, among the Congress members, leaving the masses to fear chaos among a dysfuctional Congress, during a gap in executive leadership. Big predators moved in to drive prices down in a backdrop of chaos, where they could use the media, who are so very easily manipulated, to create false associations as a cover for downward price manipulation. Who benefits from the sudden infliction of margin calls? Look there for the perpetrators of some or much of this market manipulation.

Awaiting Apple Earnings and Guidance

papita,
Thank God for people like you. It is time for us to take back our markets.
We need to be researching with all means available to each of us, the illegal market manipulations that are occurring. THEY, and forced selling related to them, are what is driving prices down. Brokers encourage people to use margin loans. Some use deliberate bad low-ball bids to trigger all the stop loss orders. Then the market makers can claim justification to gap (rig, ratchet) the price WAY down, because of so many sudden sell orders. But these were not intentional sell orders. They were stop-loss orders based on the premise of an orderly market. There is no orderly market now- only a highly manipulated one. The brokerages are backed by large banks that need cash. The appear to be "looking the other way" because plummeting prices allow them to suddenly call margins loans in. The stock has been reduced in value 50%, for example, on purpose, so the brokers/banks can grab our money based on hugely and artificially devalued stock prices. They retain the stock in "street name", ans will soon enjoy all the upside, while those who used margin and didn't se the train coming suddenly have no equity - only debt!! If everyone quit using stop loss orders temporarily, and avoided margin, it would not be worth their while to do this. Shareholders, not "other" taxpayers, have already paid Wall Street many times over the Bailout amount. The percent losses occurring in stocks are calculated and engineered- not the result of any free market process. Haven't you noticed the complete lack of association between any earnings, and the rug suddenly being pulled out? The earnings are just used for disinformation/misinfo... purposes to hide what is really going on.
It is an improper taking of property from shareholders who are not sophisticated enough to know what was happening. Highway robbery.
People need to demand the S.E.C. stop the artificial manipulations that are occurring, immediately.