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imiloa

12/18/06 3:40 PM

#25443 RE: patiencepays0 #25439

patiencepays0, re: SEC blind eye, I fully agree, though I do believe it stems from corruption. I read a WSJ stat that some large percentage of retired SEC folks start working as consultants from Hedge funds. Seems a bit like conflict of interest, eh? Something like the Cheney-Haliburton connection.

That said, I also believe that if the NSS problem isn't solved soon, most savvy investors will start pulling their money out of stocks and playing futures or other vehicles. The stock market is inherently a game of trust, and if that trust is broken by increased publicity and awareness of the corruption, then few will want to risk their money in the game.

And this, of course, would crash the markets, which means the end of the era for the big hands that get richer every day from the status quo of legal trading.

So at some point, I expect to see a showdown between the NSS players and the more-or-less legit market leaders. And at that point, the NSS will probably get slammed, as it's pretty easy to prove their criminal record via DTCC records, as soon as someone decides to actually walk that path.


re: EQBM, with the divis detached since Dec 1st ex-date, we need Dalian signed (or equiv) to overcome the current lows. And that seems scheduled for mid-Jan now.

In the meantime, I've kept my eye on the CMF, Accum, RSI charts and all still look good to me. ie: Looks like more folks are buying at ask in these lows than selling at bid. The huge spread probably muddles the utility of these indicators, but they still screams manipulation, as does the huge spread, itself.

re: Larry being annoyed by us pinging him, as posted earlier, I fully agree with that. It'd be easier if he kept us better apprised via PR, but so goes there.