muses of the moment

July 22, 2014

Inside Job

Filed under: 401K and IRAs, DOW and S&P500, Stock Market, The Banking Crisis — totallygroovygirlfriday @ 11:33 am

groovygirl thought this article from Pam Martens was very interesting.

Click here.

From the link above:

Starting with the week of May 26, 2014, the Financial Industry Regulatory Authority (FINRA) began releasing weekly dark pool trading data to the public. That sliver of sunlight shows that some of the corporations with the largest share buyback programs are also among the heaviest traded stocks within the dark pools.

With banking declining, banks must make money anyway that can. This “recession” is hard on everyone, only bankers don’t go to jail for illegal activity to support their families, in gg’s humble and completely uneducated opinion 🙂

Take the case of Apple Computer. According to FINRA data, in the five weekly periods of May 26 through June 23, dark pools traded over 103.6 million shares of Apple stock. The heaviest week was the week of June 9, 2014 when 39.9 million shares traded in dark pools. Goldman Sachs was responsible for trading 2,444,350 shares of Apple that week in its dark pool, Sigma-X, and has been in the top tier of dark pools trading Apple stock in all subsequent weeks reported by FINRA.

So what happens when corporations need cash to meet operation costs? Will they all put their stock up for sale at the same time? And who is going to buy that stock? Goldman and sell to muppets? I think the muppets are either out of cash or pissed off or both.

This can not end well.

 

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