Click for Mag Bay Click for YF Listing Service Click for Northern Lights Click for YF Listing Service Click for Westport

Wall Street Gambling, Price Manipulation, etc

Discussion in 'YachtForums Yacht Club' started by brian eiland, Feb 17, 2013.

  1. brian eiland

    brian eiland Senior Member

    Joined:
    Jul 28, 2004
    Messages:
    2,956
    Location:
    St Augustine, Fl and Thailand
    Financial GREED—, the Wall Street 'Casino', Price Manipulations, etc

    I chose this title for this forum subject thread because it is financial GREED that drives many of the unsavory business practices that hopefully will be brought to light in the following discussions. I've addressed the subject of the stock market becoming a 'gambling casino' before,...in a few different individual postings thru-out various subject threads. I saw it in SE Asia, and I see it happening here on Wall Street. It has come to the point now that I believe it deserves its own individual subject thread.

    Why might I add such a subject thread to a boating forum?....just two. First off I figure there are quite a large number of yachtsmen that regularly participate as investors in the stock market. Secondly, we are all affected by fuel prices that appear to be quite volatile these past few years, and threaten to significantly diminish the scope of the future yachting-boating market.

    With that brief introduction lets go to a 'fuel price manipulation' article I ran across just recently....
  2. brian eiland

    brian eiland Senior Member

    Joined:
    Jul 28, 2004
    Messages:
    2,956
    Location:
    St Augustine, Fl and Thailand
    Price Manipulation: No Fundamental Reason for Oil to Move Higher?

    The fuel prices at the pump have undergone a sharp rise in the last month, and I was looking to see if there was any correlations with the rise in crude oil prices, particularly if there was corresponding reasonings. I found this:

    “It is obvious that the OIL market is manipulated, oil has gone nowhere for 5 months because there is no reason for it to go anywhere, i.e., are a ton of supplies on the market, no Middle east disruptions, Israel hasn't attacked Iran, huge builds in gasoline products, no jump in demand.

    And yet oil mysteriously rises $10 in this common period for manipulating markets at the tail end of the year, and the beginning of the new year. Lets juice it up before the contract rollover, no one cares, no one is really looking too closely at what we are doing, everybody is focusing on the fiscal cliff issues and the debt ceiling debate..........”


    http://etfdailynews.com/2013/01/10/price-manipulation-no-fundamental-reason-for-oil-to-move-higher//


    ...some more from that article
    "Asset Class, Euphemism for Roulette Table

    Prices are not determined by the fundamentals in a manipulated market they are determined by oil being an “Asset Class” which is code word or a euphemism for giant Casino in New York instead of Vegas.

    So we cannot legally play poker online in this country, but you can pull up your internet connection, and place your wager on the price of oil, such hipocracy in this country. The price of oil, and as such gas is determined not by supply and demand factors, but by whether Goldman Sachs or Morgan Stanley or J.P. Morgan puts $400 million on Black or Red, the literal Oil Roulette game of the big banks.

    If Goldman Sachs puts $400 million on Black prices go up, if they put $400 million on Red prices go down, as simple as that, this is actually how the price of oil is determined, nothing more and nothing less.

    Market Correlation & Wagering Strategy"
  3. carelm

    carelm Senior Member

    Joined:
    Feb 5, 2011
    Messages:
    403
    Location:
    fairfax va
    Brian,

    It seems like we go through this every year around this time. Oil prices get run up mostly to see how high they can set them before customers revolt. Then they go back down again, but slower than the run-up.