SPDR S&P 500 (SPY)

[Two-timer]

Re. Dell's annct. last night, I wondered about insider trading? Denninger confirmed my suspicions this morning. Two

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Dell's release slipped out about three minutes before the market closed Thursday, giving the company's shares a boost of 98 cents, or 6.7%, to end at $15.65. The stock topped $16 ahead of Friday's opening bell.

Really? You sure about that Marketwatch?

This is about as blatant as it gets - a huge ramp, on huge volume.

"Someone" (or a bunch of someones) had that report 17 minutes before the bell, and if you were one of the "chosen few" you had a "high frequency" 14 minute window to loot the joint - again.

This sort of scam is so "in your face" that it leaves open not only the question of whether there are any cops (answer: No) but also whether one should have any confidence in our markets as a fair place for people to invest (again: No.)

In a nation honoring the rule of law this sort of trading pattern would result in an immediate investigation and a literal blizzard of subpoenas within minutes.

But we don't live in that sort of nation, do we?