Stock market on fire

[Galant]

Its incredibly depressing to go down that path. to literally see the crime and fraud right out in the open and see nothing getting done about it is terribly frustrating. The SEC knew all about the abuse of EFT's like XRT at least back to 2019 because there are reports and comments right on sec.gov.

If you want to go down that rabbit hole, here is a summary that has citations and links to confim the investigation. its a 37 page pdf that summarizes the problems since the stock market went all computerized in the 80's. The was done after the gamestop shorting became apparent last year so some of the references are related to this.

House of Cards - Atobitt | PDF Host

PDF Host read free online - House of Cards - Atobitt

pdfhost.io

It's amazing to see how far this has spread. I could tell by your posts you have gone down the same rabbit hole I have. A year ago I wouldn't have understood anything you are talking about. Now my eyes are wide open to how the system really works. House of Cards was an amazing read.

Buy, Hold and DRS GME!

NFA

 

[johnly]

The whole derivative trading is little more than gambling, and far from investing. If derivative trading losses and gains were taxed the same as gambling proceeds it would go a long way to stabilizing the market overall.

 

[bolus]

It's amazing to see how far this has spread. I could tell by your posts you have gone down the same rabbit hole I have. A year ago I wouldn't have understood anything you are talking about. Now my eyes are wide open to how the system really works. House of Cards was an amazing read.

Buy, Hold and DRS GME!

Its like getting a pair of glasses from 'They Live.' I knew the media was corrupt by watching how they report on firearms but now I can hear their lies about the economy in real time. I've done a FOIA, talked to reps, tried to reach the SEC ombudsman, tried to talk to the Office of Government Information Services. Its all the same. Lies upon lies or just nothing. And its not like a conspiracy theory where you might not even have circumstancial evidence. The evidence is documented right on the SEC.gov site for everyone to see.

 

[ma96782]

RED, Red, red....
(Worst week for the DOW since Oct 2020)

Today.....
DOW down 450 ...........34,265
S&P down 85 ...........4,398
NASDAQ down 385 .........13,769

Aloha, Mark

 

[bolus]

XRT is now 715 freakin percent short. ~400% short then 6 million failures to deliver and now 715% short. We dont even let casinos be this criminal.

Does anyone still have confidence to buy stock knowing that the financial companies can print literal counterfeits, sell them short, fail to deliver them back and then double down with 300% more counterfiets?

 

[Galant]

It amazes me how little most people care. These criminals are stealing from everyone. No exceptions. I assume everyone here would be upset about their car being stolen. So then why do so few people care that their entire lives are being robbed?

Wonder why the middle class is shrinking and the rich keep breaking records? It is estimated that $50 Trillion has been siphoned from the average working class from 1975 to 2018.

 

[bolus]

It amazes me how little most people care. These criminals are stealing from everyone. No exceptions. I assume everyone here would be upset about their car being stolen. So then why do so few people care that their entire lives are being robbed?

Wonder why the middle class is shrinking and the rich keep breaking records? It is estimated that $50 Trillion has been siphoned from the average working class from 1975 to 2018.

Just seeing what Ally did yesterday to all those IRA customers. If they are willing to ruin any reputation they had by taking stock in the names of their customers at the transfer agent and putting those stocks back in their bank's name because they cant locate real shares is enough to know the system has failed. If you google "ally" news, you get nothing of this.

Imagine of Ford went around and started repo'ing trucks that were paid off, changed all the titles into their name and told everyone they were doing it for your best interest and then sold them. How long would Ford last before owners would be burning down their headquarters and putting execs on pikes?

Meanwhile bank execs are giving themselves bonuses

 

[chukar]

Stay the course.

 

[arakboss]

Just seeing what Ally did yesterday to all those IRA customers. If they are willing to ruin any reputation they had by taking stock in the names of their customers at the transfer agent and putting those stocks back in their bank's name because they cant locate real shares is enough to know the system has failed. If you google "ally" news, you get nothing of this.

Imagine of Ford went around and started repo'ing trucks that were paid off, changed all the titles into their name and told everyone they were doing it for your best interest and then sold them. How long would Ford last before owners would be burning down their headquarters and putting execs on pikes?

Meanwhile bank execs are giving themselves bonuses

Link to Ally news?

 

[albin25]

We keep being told that the Stock Market is on fire....
.... seems it's actually more like a smoldering ruin?

 

[bolus]

Link to Ally news?

There is no news. All of the compromised media outlets are not going to report on one of their own stealing from their customers. You have to go on reddit or twitter and see all the people complaining that ally is unregistering their shares from their customer's name to Ally's name (all pushed by Apex clearing) who stands to lose a ton from the shorts and dirivatives. This is the same Apex clearing that turned off the buy button for Gamestop and others last year when they stood to lose everything if buying continued. A year later they are still stealing from their customers and nothing has been done.

They do this and then magically have a system wide outage last night.

You can see some of the complaints here. go back a few days if they havent deleted them

https://twitter.com/AllyCare/with_replies

 

[bolus]

We keep being told that the Stock Market is on fire....
.... seems it's actually more like a smoldering ruin?

"dumpster fire" and the dumpster is behind a porta-potty company who only does taco bell lunches.

 

[Cavedweller]

Anyone else see in the news the revelation of the $4 trillion dollar bailout the fed did for the banks in 2019 that was not reported by the fed until last week? me neither.

Everything will be OK till the masses figure out how fiat money systems work. Judging by what they're watching on TV, it won't happen anytime soon.

Yeah....the dirty little secret is out.

US Senators introduce bill to ban Pelosi-style stock trading in Congress

House Speaker Nancy Pelosi and her husband could be forced to stop trading individual stocks as bipartisan momentum builds in Washington, DC for a ban on the practice.

nypost.com

C'mon man! Nancy wouldn't cheat. She's a democrat, and everybody knows democrats CARE!

We really tolerate this from wall street?

No, we don't. So what do we do now?

 

[USMC1911]

Ugly morning again. Glad I went mostly cash at the end of the year. Made some money the past week scalping but the market is moving so fast I don't dare hold anything. If things settle down I will do some shopping.

 

[arakboss]

Ugly morning again. Glad I went mostly cash at the end of the year. Made some money the past week scalping but the market is moving so fast I don't dare hold anything. If things settle down I will do some shopping.

Buy the dip, when it quits dipping.

 

[johnly]

Beware of the dead cat bounce when evaluating the time to go back in to the market.

 

[USMC1911]

Some pretty obvious support levels that are used and if not broken provide a good level to get in. Example is here were at the $422 level and getting pretty close to short term support imo. If broken then we will see more weakness this week. I myself this week will be looking for earnings plays that are not down as much as the overall market for a gap down after earnings. IMO earnings on anything this week is ripe for downside on anything beside a grandslam earnings report.

 

[USMC1911]

Well pretty much nailed the bottom and got paid today with some daily scalps. Not holding anything overnight.

 

[ma96782]

I bought the dip today. I just hope (in the LONG RUN) it works out.

Aloha, Mark

 

[bolus]

Interesting. As the market hemorrhaged guess what was up today? Only almost every stock in the massively shorted EFT known as XRT. Here are the top 10 holdings in XRT:




The one that is not green in XRT? GME of course.

Whole market down, 99% of XRT is up, still shorted way over 300%, GME is down. Almost like that might be market manipulation on a massive scale???

What do you think the odds that this happened by complete chance in a completely free and open market?