 Robert Velare (Indiana) |
NO!...Sally...They are on the rails...Its the toxic credit derivatives that are the key to their downfall...Thats what "Greece" is all about...Total panic in the markets today.
The dow hit almost 1000 points drop...Plunge protection team brought in...end of day half that...Fell from almost 1000 points down to half in 2 minuites...Big cash being used...-O) Lastest from Ben Fulford...In a better postion than me to make an asessment....Indy This blog has not been updated for two weeks at the request of multiple power groups including the Chinese government, the Japanese secret government, the CIA and the British Royal family. They say delicate negotiations are taking place and that they require secrecy for their success. If successful, the result will be an unprecedented boon for humanity and the planet. For that reason, there is much I will not disclose. However, it is becoming clear from openly available sources that events are slowly coming to a head. The criminal investigation of Goldman Sachs will, if properly carried out according to the law, eventually lead to all Presidents of the United States since Ronald Reagan. The heads of major corporate media outlets will also be implicated. Let us see if the US judicial authorities have the necessary courage to see this thing through to the end. We have also independently confirmed reports by Casper that the queen of England was in Washington last week demanding that the U.S. corporate government vacate the 10 square miles of D.C. that she claims as her property. However, yet another deadline has been missed and we still see major B.S. all over the corporate news. The battle will have to be intensified until the criminals are finally flushed out of Washington. Once that is done, their flunkies in Japan and elsewhere will all also have to move on. May 5, 2010 benjaminfulford.typepad.com/benjaminfulford/
|
|
Dave Patterson |
Not to worry about the DOW Indy....I just saw somewhere todays drop being called a "suspected trading glitch"....yeah. Glitch. |
|
Robert Velare (Indiana) |
Here we go Dave...Karl Denninger over @ the market ticker...-O)...Indy
Mr. President: Unplug the F*ing Computers
Shall we talk about RISK the markets and in particular high-frequency trading and direct-exchange connected computers? What started this? Right here:
That trade appears to be what set it off. Here's the problem: As soon as that hit the DOW it dropped the index hard. The response in the computers connected directly to the exchanges was instantaneous and produced this:
Computer-triggered and the result was a more than 1,000 point selloff, about half it organic and the rest on a bid-collapse driven entirely by the HFT computers that took less than a minute. No, that's not the ONLY oddity. There were plenty of wild moves in both option premia and the FX just before it all went down the toilet - but the computer trading systems, with no humans actually feeding them orders - that is, autonomous robots - did exactly what they were programmed to do. There is absolutely no protection against this sort of thing in the market for the average investor, or anyone other than the HFT boys. Stops don't work as there's "no bid" during these events - there was LITERALLY no bid in the futures for about 30 seconds, then no offer on the way back up. This sort of thing has to be stopped. This was not humans - it was pure computer algorithm trading. If you had stops set, you got blown out way below any reasonable trading range with no recourse. Margin requirements were raised instantly on futures which sure didn't help. This was basically the 1987 program-trading crash powered by the fastest CPUs money can buy, and points out that these systems do not have social utility and at times like this they are unbelievably destructive. The banks and others who have argued for innovation have just proved once again that their brand of "innovation" means that the average investor gets bent over the table. You cannot, as an investor, be in the market until these outrageous practices are permanently barred from the exchanges. I was on the right side of the destruction today, but I could have very easily been on the wrong side and gotten badly hurt. As it stands I'm quite certain there were tens of thousands of individual traders who went so far into negative equity in the futures market and got immediately liquidated that we will be hearing of blown up accounts and bankrupted traders for weeks if not months. To those who say that we have "restored confidence" in the markets and "the worst is beyond us", I want everyone to remember very carefully the early 2007 market collapse that originated in Asia and came over here - the event that began my writing of The Ticker. When governments tamper with markets as has been done over the last year and change to the point that true liquidity leaves and is replaced by computer-driven volume, this is what happens as there is NO UNDERLYING BID. VOLUME IS NOT LIQUIDITY. Liquidity creates volume but not the other way around. We have deluded ourselves into believing that a handful of major banks passing shares between each other funded with zero percent loans equals "liquidity." IT DOES NOT. This is the harbringer of more trouble to come, it is not over, and I have been warning people all through the so-called "new bull market" that this sort of event - and likely more than one - was coming as a direct consequence of the destruction of true liquidity and it's replacement with BS and games. It was simply a matter of when. Bernanke, Geithner and Obama have failed to restore confidence - in fact all they've done is put in front of the big banks a near-unlimited amount of money to game the system with and game it they have - right up until you had your stops run today and got screwed once again. Say thanks to your elected and appointed officials who have taken their bows for something that, just as with "Mission Accomplished", has turned out to be one gigantic lie.
PS: Tickerforum remained up during the entire event, although it recorded the highest load-average and page-count spike ever seen, including during the depths of the 2008/2009 hell. |
|
Robert Velare (Indiana) |
Wow you can really type Sally -O)
Ok...Blows against the empire...By Mother nature...
Failing Monsanto Weed Killer, Spurring Crisis in American Agriculture 2010-05-07 Yep, thanks to Monsanto Roundup, American agriculture is in quite a fix now. See, Monsanto sells genetically modified seed that's supposed to survive spraying with their weedkiller. Unfortunately, the weeds learned to resist it - and now their GMO seed is struggling against the pesticide-resistant weeds that evolved as a result of their own product.
Meanwhile... Benjamin Fulford - 5-7-10 -- Bush Nazi Cabal getting desperate!The death throes of the beastThe Satan worshipping gangsters who took over the United States government are getting increasingly desperate and dangerous. These people are guilty of mass murder and know their very lives will be forfeit if the general public finds out what they have been doing. The massive oil lead in the Gulf of Mexico is almost certainly an act of sabotage by these people i.e. the Bush Nazi Cabal.
The Office of Naval Intelligence information/disinformation site known as Sorcha Faal claims it was the North Koreans who attacked the oil platform. I personally confirmed this with a member of the Chinese security police who has direct access to the politburo. The fact that Obama immediately ordered special forces to the region is another indicator the explosion was the result of sabotage. That is one of the reasons Kim Jong Il was summoned to China immediately after the attack. People in the West mostly do not realize this but it is common knowledge in Asian intelligence circles that the North Korean regime and the Nazi cabal often work in tandem. It was the Nazis who gave the North Koreans both their missile technology and their atomic weapons. The Nazi/CIA faction also helps the North Koreans sell amphetamines around Asia. In this case, the oil well exploded shortly after Halliburton (CIA rogue faction) did work there. There was also a North Korean ship in the vicinity at the time. The North Koreans are facing mass starvation (again) and are trying to negotiate a peace agreement so that is why they participated in this attack. The Nazi Cabal is simply threatening to do horrible things to the planet if the worldwide attack against them does not stop. HTH...Indy
|
|
Robert Velare (Indiana) |
BTW...North Korea...Has no atomic bomb...That was a vast quanity of TNT..the world recorded as "ATOMIC BOMB"...Smoke & Mirrors...Indy |
|
Robert Velare (Indiana) |
|
||||
