Tornado Alley (PROG)

[jbsliverer]

Some of the "real deals" of tRump I assume while the attention is on so much other trump created crud.

‘There is definite hanky-panky going on, to the world’s financial markets’ detriment. This is abysmal.’
That’s one longtime CME trader’s troubling assessment of what he views as stock-market manipulation the likes of which he hasn’t seen since al Qaeda cashed in before initiating the Sept. 11 attacks.


Frequent Trump critic George Conway, husband of White House adviser Kellyanne Conway, didn’t shy away back in August from accusing the president of committing of crime with regards to manipulation:

What this describes is, quite literally, market manipulation that constitutes criminal violations of the Securities Exchange Act of 1934: https://t.co/xiit4yl7xv pic.twitter.com/aVMl9f88Zp

— George Conway (@gtconway3d) August 29, 2019



Nevertheless, Cohan says it’s time for action for authorities, starting with a look at this particular scenario: “In the last 10 minutes of trading on Friday, Aug. 23, as the markets were roiling in the face of more bad trade news, someone bought 386,000 September e-minis. Three days later, Trump lied about getting a call from China to restart the trade talks, and the S&P 500 index SPX, +0.28% shot up nearly 80 points. The potential profit on the trade was more than $1.5 billion.”



[url][/url][tag]https://www.marketwatch.com/story/hanky-panky-traders-pocket-stunning-profits-after-trumps-comments-on-trade-talks-goose-the-stock-market-2019-10-17[/tag]