I learned the other day that there are between 100 and 150 people that control the whole market! I thought it an amazing statement...so decided to learn a bit more...IMO, I think there is just as much manipulation and corruption today, in the markets, as there was in 1929 when the market crashed. there were some better years in the middle of then and now....but there were a lot of things being ;controlled' and overlooked, when there was no internet to provide mass information to the average investor, too. And in today's climate, again IMO, where everyone is fearful of what is going to happen to us tomorrow, people are more willing to stepp off the edge of 'legal' in order to bulk up their bank accounts---any way they can....
The AMEX is not an electronic market, in its purity...we still have a Market Manager assigned to us, for instance, who we have ALL watched drive the price up, down, sideways, while we watch in angst and despair....I WISH the markets were not as bad as they are---but I ALSO know that other companies wish that as well, and that is why they are moving their companies to the London Exhange, for instance....harder to manipulate as the rules are actually followed and traders are axtually monitored for manipulation. The SEC in the US does not make the WSJ and the NYT when they do something good!like monitor and prevent corruption....they get on those news pages because they FAIL to enforce the laws that were established....for instance, I wonder how many people know that it is ILLEGAL to borrow money from a bank, to buy stocks on margin? Not many I bet--but it is a law that was written in 1929 or 1932 BECAUSE when the market crashed, the banks crashed too, because of their loans they could not get the money back--they were non-collectible because of the crash...and we had the great depression.....think the SEC monitors that? or the illegal naked shorting---which impacted TKO big time last year?
Well, as you can tell, I do not agree that there is less manipulation....so we can now agree to disagree....hahahaha
AI
