Trim Tabs on Apparent Govt. Propping of Stocks

[oddlots]

Biderman of Trim Tabs pointing out the weird disconnect between after hours futures action and what's going on the exchanges themselves.

http://www.youtube.com/watch?v=vR8ivPIC7UE

Ponzi economy requires a Potemkin market?

This stuff always looks like sour grapes in the mouth of a trader but Biderman is a vendor of information and the information looks pretty screwy to me.

If the government represents 40 % of the market for treasuries I don't see why there would be any compunction to buy the market.

Any thoughts on the data, argument or on Biderman himself?

[sad_plumber]

Re: Trim Tabs on Apparent Govt. Propping of Stocks

Try here

http://www.cnbc.com/id/15840232?video=1383182500

[metalman]

Re: Trim Tabs on Apparent Govt. Propping of Stocks

Biderman of Trim Tabs pointing out the weird disconnect between after hours futures action and what's going on the exchanges themselves.

http://www.youtube.com/watch?v=vR8ivPIC7UE

Ponzi economy requires a Potemkin market?

This stuff always looks like sour grapes in the mouth of a trader but Biderman is a vendor of information and the information looks pretty screwy to me.

If the government represents 40 % of the market for treasuries I don't see why there would be any compunction to buy the market.

Any thoughts on the data, argument or on Biderman himself?

old excuse for a bad call... old as 'gold prices manipulated' when gold prices fail to rise as predicted.

[ThePythonicCow]

Re: Trim Tabs on Apparent Govt. Propping of Stocks

old excuse for a bad call... old as 'gold prices manipulated' when gold prices fail to rise as predicted.

Sometimes the dog really does eat the homework .

[medved]

Re: Trim Tabs on Apparent Govt. Propping of Stocks

old excuse for a bad call... old as 'gold prices manipulated' when gold prices fail to rise as predicted.

In 1989 there was an article in the WSJ published by a FED governor Robert Heller. In it Mr. Heller suggested that the stock market is small enough for the FED to handle, and if necessary the FED can (and should) buy the index futures to "stabilize" the market.

Obviously FED's charter is very elastic, just like US constitution. Now the FED is responsible for the stock market too, and there is nothing wrong with it in Mr. Heller's mind.

This fact (and many others) take this possibility out of tinfoil hat realm right into mainstream. I cannot prove, manipulation actually happens, but I cannot declare it a conspiracy theory either.

[Raz]

Re: Trim Tabs on Apparent Govt. Propping of Stocks

In 1989 there was an article in the WSJ published by a FED governor Robert Heller. In it Mr. Heller suggested that the stock market is small enough for the FED to handle, and if necessary the FED can (and should) buy the index futures to "stabilize" the market.

Obviously FED's charter is very elastic, just like US constitution. Now the FED is responsible for the stock market too, and there is nothing wrong with it in Mr. Heller's mind.

This fact (and many others) take this possibility out of tinfoil hat realm right into mainstream. I cannot prove, manipulation actually happens, but I cannot declare it a conspiracy theory either.

I was a broker with Dean Witter Reynolds back in the 1980s handling both equities and futures, and I maintain close contacts within the industry, including one at the SEC.

I can't prove manipulation either, but I am 100% certain that the PPT exists, and that they in fact do take positions on the CME.
(PPT - Plunge Protection Team - was the name we gave it before it was officially called the "President's Working Group on Markets".)

It's not a "theory" of any kind.

[D-Mack]

Re: Trim Tabs on Apparent Govt. Propping of Stocks

clip gone from youtube.


here is it from bnn
http://watch.bnn.ca/trading-day/janu...10/#clip253604

I was surprised that he had never heard of the PPT