Internet Anthropologist Think Tank: -1,000 pt crash,

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    Tuesday, May 11, 2010

    -1,000 pt crash,

    This is a National Security Risk.
    Wall St Banks = "systemic risk"

    70% of all NYSE trades are done in secret.
    In DARK POOLS, in Europe, Pacific rim and USA.
    Beyond regulators eyes.

    The administration has come forward and
    said this wasn't caused by hackers.
    But in truth they have no way of knowing.
    They don't have access to the Dark Pool

    Many shares declined to a penny.

    Through the trading desks at Barclays, Universa bought 50,000 options contracts, according to people familiar with the matter. The contracts would pay off about $4 billion should Standard & Poor's 500-stock index fall to 800 in June. It was at 1145 points at the time of the trade.

    As the stock-trading volume soared, data systems across the stock market began to get clogged. At Barclays Capital, a market data feed that delivers to the firm data on "buy" and "sell" orders went down, although a backup system immediately went online....

    By 2:37 p.m., the overload seemed to have taken its toll on the NYSE's Arca electronic-trading system. At that point, its rival, the Nasdaq, owned by NASDAQ OMX Group Inc., detected what it felt was questionable information in the data. It sent out a message saying it would no longer route quotes to Arca.

    But in the coming minutes, the BATS exchange also stopped automatically routing orders to Arca. 

    With the high-frequency funds either selling or pulling out of the market, Wall Street brokerage firms pulling back and the NYSE stock exchange temporarily halting trading on some stocks, offers to buy stocks vanished from underneath the market. Normally there can be hundreds of offers to buy the iShares Russell 1000 Growth Index exchange-traded fund, but at 2:46 p.m., there were just four bids north of $14 for a fund that had been trading at $51 minutes earlier, according to data reviewed by The Wall Street Journal.

    Around 3 p.m., the selling pressure abated. Just as swiftly as the market fell, it recovered ground. One factor behind the swift recovery, traders say, were funds that use computers and formulas to sniff out bargains in the market. These funds swooped in on hundreds of cheap stocks, helping push the market higher.


    Stock Market Collapse: 

    More Goldman Market Rigging?


    Wall St Banks front running.Stealing money from every trade.


     Congress had been cowed into throwing in the towel on its campaign to break up the too-big-to-fail banks. On Friday, Goldman was in settlement talks with the SEC. Goldman and Wall Street reign. Congress appears helpless to discipline the big banks.

    This can happen again, with much worse results.


    Internet Anthropologist
    Series 3 & 7

    Who are these WALL ST BANKS?


    And goldman.

    Wall St Banks = "systemic risk"

    Loan sharking, 40% CC, 460% payday loans
    Front running stock prices.
    high-frequency programed trades.

    sub-prime debacle
    World economic system on brink
    Trading 70% of NYSE in dark pools

    -1,000 pt crashes in 8 min.
    Two sets of books, fake balance sheets
    Bail out for their criminal activities.
    Too big to fail
    Protected by FDIC ins.


    When does it stop?

    Where does it stop?



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