Forum Post: .*.* Knight.. was in No Way the Only ones involved w/ 2day's Market Gaff
Posted 11 years ago on Aug. 1, 2012, 2:47 p.m. EST by Marlow
(1141)
This content is user submitted and not an official statement
.. I know Trades, Algorithms, the Exchanges and NYSE Feeds.. In no way was ONE Group able to cause nearly 30 Bil extra trades just after opening. Algorithms work in a 'Unison Formula'.. with a Fail Safe after 10 Mil Shares Filled in too close a time period. Of course there were some 'Halts'. ( no trades allowed).. but After the fact, shows there was not only Human Factor involved, but an Orchestrated one.
... If you care to.. just watch that news come out about this, in about 2 days from now. ..M.
CNBC is already coming out with the news , the investigative Facts.. on .'Knights Debacle' ...
... How does that go?.. oh yes, ...I told ya so! ;^)
How exactly did Knight's rogue software get loose in the stock market and cause the trading firm to implode in the span of 30 minutes? What about the collateral damage to innocent investors? But the more important question is what would a successful Knight algorithm look like.
Presumably, a high-frequency computer algorithm is written and executed to earn profits. It is also assumed that Knight runs these high-frequency software programs throughout each and every trading day. In order to make money consistently and reliably, the algorithms have to be manipulative, of the front-run or pump-and-dump variety, which happens to be illegal. But the SEC ignores these "successful" algorithms because they purportedly provide liquidity to the market. Unfortunately, such liquidity only serves high-speed manipulative traders, who prey on honest investors and traders. That's why high-frequency trading accounts for over 70% of the volume on exchanges. The SEC can no longer sustain the fiction that the marketplace is fair for average investors, who are nothing but dumb money and chumps in such an environment.
Enuff.. you just reiterated my whole topic and point of replies. TY..
... I have worked for many years to get this Fact of Abuse in the System out, Front and Center.
Since 2007, i have been calling for people to wake up, See how they are being taken advantage of, HOW that is happening, and Who it is doing this to us.. Seeking to find the 'OUTRAGE'... in My Web Site, Message Boards, Blog Comments.. Calls, and letters to SEC.. White House, .. DOJ and my State Sen.
.. Finally, in August of last year.. i Saw an 'Awakening'.. 'OCCUPY!'
For now, i am trying to educate those who are up and looking around for some answers...
Best to us.. as this is Fixable, if we Dont Give up.. and Keep Supporting 'Occupy'.. everywhere. It's our Best Chance.
Ciao Bella {:-]) would you have a link for that story?
MSM scripted? Have a look-see.
Conan O’Brien Somehow Made 100 News Anchors Say The EXACT SAME THING
It was just on..(no link) Other Financials came to knights rescue.. Of course they did, All that Trade on that Private Program feeding to the Street, which isnt regulated. We have no reason to trust ANYTHING out of the NYSE, or Banks. .. However, now.. after 10 years of Milking and Bilking the common Retail Investor , Bankrupting smaller Shill Companies that took Investors Cash.. which was EASY, due to the Loss of the 'Glass Steagall Act', .. They are worried and want to work together to get the Trust and Confidence back of the Retail Investor.. Admitting 'They' gave us the 'Short' End of the stick..
Now?!.. .. A Decade Late, and 1.6 Trillion dollars Short!
FU Wall Street and Capital Hill... You need to make this up to us in more ways than Lip Service!
We Want INDEPENDENT AUDITS.. of Goldman Sachs, BofA, Wells Fargo, Knight, Ameritrade, Morgan Stanely and the Like.. We want them Investigated.. find The Off Shore Accounts they have put OUR money they Robbed us of in, and FINE Them enough to pay us back. .. Then, .. Indict those who Orchestrated this entire abuse of the System. And if you dont know.. my web site, my emails to the SEC are all on Record of HOW they did this to the Average American believing our Market was Trustworthy. ..M.
Bravo Bravo - well said. I find it extremely funny that the MSM is airing The Criminals That Be ( a take off on the powers that be ) talking about the need to readopt Glass-Stegal.
Balm being applied to the public's rage burns? Another round of pacifying Lip Service?
DK, Grazcie. Since Glass-Steagall was removed, within 1yr. the Banks and Hedge Funds (Henchfunds).. were knocking at The Congressional Oversight Committee's door to Remove the UpTic Rule as well.. Once done, there was no reason to Regulate the Banks any longer. ... All that gave the Foxes' the Key to the Hen House, and Rampant Illegal Trades, ie., Flash Trading went Berzerk all over our Economic System. We Were Robbed by Collusion ( Crooks able to Trade in one Program in Unison).. and Graft (Capital Hill looked the other way for favors)
... It's not that difficult to understand, especially now that the Results are in.
I have been angered, outraged since 2007 over all this. I have worked my heart out to get the Facts of what they were doing on the table and in the Light.. But, not that many understood.. and i was ignored mostly.
.. It how it works,.. only a Few shouting on the top of a mountain, cant be seen, let alone heard by those below.. too busy to look up and Listen.
At least now, i have the credibility to get a few to wave at me.
BTW - did you see my latest open letter? I had my arm twisted pretty hard to send it out - as you can tell by looking at the top of the comments list. {:-])
http://occupywallst.org/forum/proper-reform-what-do-you-think/
Would you mind if I tweeted this post?
I would be honored... TY , DK
{:-]) Tweeted.
How special.. TY.
Yes you is - yo welcome.
Damn, it's been a while made me smile though, I remember when you could make money following that sort of thing, before the markets fell down the rabbit hole.
I always knew these things existed never knew the details before, you clearly know your stuff, err what the hell are you talking about, not watching market these days.
Thanks Marlow - it is nice to have someone who has direct experience and knowledge of the markets share their insight. Can you provide a bit more detail for those of us who are not quite so educated in this area?
Funny 'Facts', and i dont have a way to decode the markets to the layperson in any easy fashion.. but that there is a Privately owned trading program ( Goldman Sachs installed) that comes from the Exchanges to the NYSE.. then feeds out to Platforms at broker houses. This Program has members that paid fortunes to use it, which has access to all levels of unregulated fields in Trading. It is abusive, and allows the Controllers to go Rogue at any given point. No one is Watching this, until they abuse it so severely.. it becomes news.
Th market is rigged by the Banks and their Hedge funds (Henchfunds), period.
Capitalism has become a dirty word to those Independent Retail Investors.
Hey Sunshine - thanks for the explanation it sure helped me to understand a lot more. Origin and nature of the beast. Thanks again.
U R Most Welcomed my good Friend. ..M. Just wanted to check in to see what others are aware of. The necessity of sharing is how we improve our lives. C U Later..
Thanks for the edjumacation - I look forward to seeing more.
{:-]) Più tardi bella
it would also be OK to just say....Damn!?!