Stock Market Broken As a Bellwether

georgephillip

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Dec 27, 2009
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Why didn't we see a double-digit decline in response to Trump's mob looting the Capitol? Here's the opinion of one former trader:
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"By Pam Martens: January 15, 2021 ~

"I sat behind a trading terminal at two Wall Street firms from 1986 to 2006.

"I can assure you that if the President of the United States was refusing to accept the outcome of a presidential election and urging a coup d’é·tat by his civilian militia, the stock market would have sold off by double digits.

"This era’s stock market has yawned at the spectacle..."

"The stock market of that prior era (October 1987) would not have greeted 20,000 National Guard troops descending on the nation’s Capitol and television pictures of hundreds of those troops guarding the halls of Congress with a meaningless loss of 8 points — a tiny fraction of one percent."
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If the US stock market is supposed to be an early indicator of when things are going badly, then sending a signal that bloody coups are nothing to worry about is comforting only to fascists."

The Stock Market Is Broken as a Bellwether; Here’s How to Fix It
 
Pam is funny!
And much smarter than you:auiqs.jpg:
'Dark Pool' Settlement Shines Light on Potential Abuses
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"Adding to this corrupt, broken stock market is the trading infrastructure itself. What kind of a fair and efficient market would permit the mega banks on Wall Street to operate their own Dark Pools, which are effectively internal stock exchanges with little to no real time transparency."

The Stock Market Is Broken as a Bellwether; Here’s How to Fix It

You definitely shouldn't trade your shares in a dark pool.
But you should definitely whine about them.
 

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