due to their positions either inside the companies or industry or market making process. That is Corporate Executive's Deep Pocketed Market researchers and Brokers Dealers. Public is SCREWED all the time, unless and until public understands how to cope with all of these factors.Let us say Goldman tell its affiliated hedge funds that "market is a buy". You see , it does not matter if market was a buy or not. Now it is a buy, because of the power of the Goldman affiliates that start buying. You be sure that you are never told by Goldman the same thing at the same time it tells that to its affiliates and internal groups to start buying. Like you were told OIL will go to 85 when OIl was already closer to 60. You did not know that when OIL was 35 did you? Somebody did! Now, As I said already, I do not know if this criminal or not, I am not a securities lawyer, but I can sure as hell can tell you that dual role of Goldman is/should be not tailorable. Let alone the fact that they can also influence media, which hangs on every peace of (mis)information Goldman wants to put out. You remember , I described to how the market can be "RUN" by few players ganging together. What is a difference between 10 Russians ganging together and "running the market" as compared to Goldman telling 1000 of its affiliate funds and internals groups "buy the market" is not that ganging of sorts.
You see, the reason , the FREE CAPITALISM does not exist any more is that the FED and Government allow the concept of too big to fail to persist. As long as that is the case and markets are not policed with regard to the size and power a single entity/group can obtain , the FREE CAPITALISM is none existent. It is SOPITALISM. System of Government being beholden to special interests, financial , in this case.
Again, I am not a lawyer and do not pretend to speak from the position of the laws, but I sure can tell you that something is totally wrong with regulation and the laws if they allow this to persist.
And What about the aspects of technology. Since the way technology facilitates the advantages of rich over poor in the market, is not somebody, like SEC , supposed to be on the case of COLLOCATION aspects of the exchanges and the rest of NETWORK inequities?
In any case, I can only hope you as an individual investor get better ideas on how the networks and regulations and media information flow operate, to make you a better trader. None of these by themselves will make you really good trader( for that you must trade), but knowing this context creates field of knowlege that prevents you from trying to compete in places where you can not win. For example , while the cost of transactions incurred by institutions trying to compete with Goldman in trade size does not really interest you , because you are a small trader and happy to exectute your trade 1-2 cents away from precise target you want act at. You are not concerned that much with Goldman being after you becuase of your size. Yes, in total thousands of investors still lose money to Goldman, but on the individual bases that is not very improtant given the liquidity of the markets and your gain/loss depend more on your correct trade selection. You are ok with costs if you can transact for 1 dollar a trade like I do. most of the time. Another issue is news and how interpret them. In light of what I told you about the "running the markets" you should gresp easily , why you must suspect every and all news coming from the financial establishment and news media beholden to them. You should develop sense of , who cares what Goldman says, or If Goldman says that it most, likely is already positioned to take advantage of the moves described or , is actually, taking advantage of the news it has just planted!!!. If you anderstood what I just said, you are , light years ahead from where you where before you read this.
27 comments:
Dear John
Sends us this link
Foxes Without Tails
Well, Dear John, did not really know what titley I would put on this link, but Foxes without tails is a story about how One USSR "work hero" became work hero, by making Foxes without tails and acceeding 5 year production plan 100s of Percent. Of course the production was met, but Foxes wihtout tails were not popular with kids and did not sell.
Sounds familar, similar story is told here about the school(exaple chicago) performance distrtions(:-,
Please refer to Geroge Carlins Vide about Sopitalism to understand Phemomenon.
Good Tradig Dearest Friend John
Boris
I wish I could trade like that- never fail. Of course, if you never fail , you never will succeed either.
It would bother me except I keep thinking about George- "just a spectator now"
So much easier when the average working person is unable to think critically.
old john
Boris
I wish I could trade like that- never fail. Of course, if you never fail , you never will succeed either.
It would bother me except I keep thinking about George- "just a spectator now"
So much easier when the average working person is unable to think critically.
old john
Hi Boris,
I left a comment on dotnet site on Thursday's commentary. When you have time, would you reply on my questions? Thanks dear friend,
Michael
Dear Michael,
I am not sure I see it.
DId you put it in the feedback.
Why then I do not see it?
Good Trading Dear Michael
Ok , Dear Michael,
Saw it on the third post.
Ok, anybody that desires just look for feedback section ont the 3 ost down.
Good Trading Dear Michael
thanks for the response dear boris. I am learning everyday to be a more patient trader.
PS your 2nd dhap of SEK was pure genius. Hard to get a good exact number with such a volatile pair but you were fairly close.
Thanks,
Michael
Dear Michael,
I love you very much.
I hate to be even remotely equated
to genius(:-, I will take it with a caveat of how Einstein defined it.
"He said genius is 1% inspiration and 99% perspiration"
Then I will take your comments as being accurate(:-
Thank You My Very Dear Friend
See DotNet
IMportant message
good morning, boris.
i am unable to connect to the .net site.
is there a problem?
gorli
Dear Gorli,
Seems like the Site Provider has a problem, hopefully it comes back soon.
Please stay tuned.
GOod Trading Dear Friend GOrli
Boris
Good morning
old john
Good Mornig Dear John
Good Tradign Very Dear Friend
Dear Boris,
Closing on a home this morning and I have not had time to mark up this chart but you and others might remember it from a few months ago. It looks like a second "hump" is forming.
NYMO
Will be busy moving in the next week or two after which I hope to be stopping by much more often.
Good Trading
Ralph
Emini158 on the DotNet
Good Trading
Dear Ralph,
Thank you very much Dear Friend.
Good to see you more active.
Happy CLosing.
Action In asset
Dot Net has message
Dear Boris,
Good morning.
Thanks and good trading.
Bert
5 minute date on DOt Net
Sorry took a bit of a time,
COmputers seem to overloaded
will sell 2% at 1012.9
make that 1011.90
On EMini athat would 1011.75 .25 incriments only
adjusting sto atop down to 1009.75
Update on XXX
At DotNet
Good Trading Dear Subscribers
looks like gold and silver on the run
Dear DMitry,
Thanks
Good Trading Dear Friend
I took an acction on asset sided
message at dotnet
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