ajtj99's Market Pulse

[Huluriasquias]

Wall Street has in fact a license to steal.

It is so easy to steal legally, that many times the lines between legal/illegal are murky in the head of the participants.

I'm sure Strong didn't think he was doing anything wrong...


I used to be the programmer of the accounting/orders system in a (Big Bank) Mutual Fund in another life, and another country.

We used to watch for the orders from what we had identified as "Smart Money", and we would follow them. (Always before the deadline)

Once in a while when it was clear in the first hour that our orders were "patently wrong", they would "get lost" and we would walk away to trade another day.

Just a couple of very simple things insiders can do in a Mutual Fund.

H.