Something seems screwy and manipulated re: the “mysterious” markets

CNBC:

The stock market sell-off on Thursday began with a mysterious overnight plunge in equity futures that caused the CME Group to halt trading in several intervals. When futures opened for trading at 6:00 p.m. ET on Wednesday, the eMini S&P 500 futures fell as low as 1.8 percent in a sudden move on above average volume. The CME Group: Our equity index futures and options markets paused intermittently following this evening’s open due to volatility, which triggered more than 40 Velocity Logic events in the first six minutes of trading

1300 points in a couple of days, huh? This makes no sense, but it does remind us of the oil futures market manipulation of 2008, which sent the price up to $147 a barrel. Six months later it was under $40.

Thomas Lifson and others he quotes note the extremely strange timing of the unprecedented US arrest in Canada of the CFO of a $100 billion Chinese company, just when Trump and Xi were making nice. You don’t have to be a conspiracy theorist to think that something nasty may be going on.

Gosh, and on the day before Pearl Harbor.

One Response to “Something seems screwy and manipulated re: the “mysterious” markets”

  1. feeblemind Says:

    Could be . . . could be.

    I suggested in a comment the other day that the Fed might be raising interest rates to harm Trump.

    This would mesh with that.

    OTOH, I doubt that even ‘The Rich’ want to take it in the shorts to stymie Trump. Markets DO fall, and some have been saying The Market has been overbought for a long time.

    Perhaps that is all that is happening, a correction?

    As for the depth of the fall, I would explain it as a lack of buyers. Sounds stupid, I know, but it is often better to stand on the sidelines and let someone else pick the bottom than standing in front of the stampede holding the wrong position

    Markets always over react. In the long run, they are bigger than anyone, including governments.

Leave a Reply