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How Many NYSE Trades Are Real?

verfasst von JÃœKÃœ, 30.06.2002, 23:59

How Many NYSE Trades Are Real?
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<dt><center>Where Are JPM and CitiBank's Program
Trades?

Program Trading Averaged 44.9 Percent of

NYSE Volume During June 17-21, 2002

6-30-2


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<dt>NEW YORK
- The data indicated that during June 17-21, program trading
amounted to 44.9 percent of NYSE average daily volume of 1,422.5
million shares, or 638.6 million shares a day. This included
program trading associated with the June 21 quarterly expiration
of stock-index options and futures.
<dt>
<dt>From the top 15 list of 'Program' traders,
JPMorgan and CitiBank were conspicuously absent. Perhaps they
haven't yet discovered computer-controlled trading? Why are the
two largest Federal Reserve banks not involved with 'Program
Trading'?
<dt>
<dt>Logical questions arise
<dt>
<dt>If 44.9 % of all NYSE 'Program Trading' is
attributed to the SMALLER banking firms, perhaps through some
secret regulatory shield, the two LARGEST banks ARE heavily
involved in program trading but are exempt from reporting
requirements? Perhaps the mysterious 'Plunge Protection Team'
has erected such a regulatory shield behind which they secretly
operate? If so, another question can be asked:
<dt>
<dt>How much of the remaining 55% of NYSE trades
belong to JPMorgan and CitiBank?...Would these total, aggregated
trades constitute MOST of the NYSE trades?...80%-95% of the NYSE
trades?
<dt>
<dt>The answer to this last question is important
insofar as the public is already fed-up with the overflowing
Wall Street ethical sewer and continuing inaction from a
hypocritical Congress and its double-talking regulators. If the
U.S. stock market has deteriorated to such a degree that a
sizable majority of all NYSE trades are so-called 'Basket' or 'Program'
trades (Equivalent to Enron-style, round-trip executions (Based
no-doubt on Fed repos), one could easily predict tsunami-sized
shock waves.
<dt>
<dt>The truth of inappropriate market
interventions can never be undiscovered. The outward spread of
that truth grows exponentially from one person to another and so
on. An important catalyst aiding this information diffusion
process is Wall Street,Äôs ideology of corruption that has
sensitized a growing number of American and World citizens to
accept assertions they once would have rejected.
<dt>
<dt>Assertions such as a massive cartel of Western
banks led by the Federal Reserve arrayed to suppress the price
of gold in order to conceal inflation and construct a
bubble-headed Medusa. The not inconsequential result of which
has been a tax windfall for bureaucrats and a devastated
Sub-Saharan economy dependent solely on gold exports.
<dt>
<dt>The Royal Bank of Canada has recently
validated GATA's findings and their private clients now have the
manipulation truth and are no doubt spreading it to their
friends. Gold producers also have the manipulation truth and are
closing their hedges because they know that rigged markets are
historically unsustainable. The truth is an unstoppable disease.
Interventions to lower the price of gold are nothing but
band-aid treatments for a terminal illness. The illness is an
inflated, un-backed currency created by weak politicians.
<dt>
<dt>Jim Sinclair points to the poor prognosis of a
growing $300 Billion World gold derivatives burden. These
instruments must begin with a loan of physical metal. The gold
derivatives listed at the OCC [Office of the Comptroller of the
Currency, Dept. of Treasury] and BIS [Bank of International
Settlements] websites represent real gold loans. The huge total
derivative figure will surely rise dramatically in the next OCC
and BIS reports pushing the sickly patient ever closer to the
inevitable flat-line status.
<dt>
<dt>European stock markets are plunging since the
second week of March 2002 and the US Dollar plunges right along
with them even as gold has steadily risen 14%. The government
continues to spend at record pace as it imagines no one notices
and that they can somehow continue to borrow, consume and rig
their way to prosperity.
<dt>
<dt>Note - a current check shows this article has
been removed: http://www.nyse.com/press/NT0073C5CF.html</dt>
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How Many NYSE Trades Are Real? - JÃœKÃœ, 30.06.2002, 23:59