How Long Do You Think It Will Be?

[Joe Flacco]

This is the Credit Suisse inverse VIX product. Went from 20 to 145 from 2016 to Feb 2018 and then it blew up when Volatility returned. Those people lost their money because they were betting volatility does not return and volatility returned in a big way. They didn't lost their money because of manipulation.

 

[Joe Flacco]

Two traders arrested over alleged manipulation of more than 2,000 stocks

Joseph Taub and Elazar Shmalo allegedly used dozens of accounts at several brokerage firms in bouts of manipulative trading activity

Two New Jersey-based traders were arrested on Monday for allegedly manipulating prices of more than 2,000 New York Stock Exchange- and Nasdaq-listed shares resulting in more than $26 million in illegal profits over a two-year period.

Regulators, law enforcement, and the exchanges use technology to see, and track, manipulative trading that, in this case happened more than 23,000 times and often lasted just a few minutes. Joseph Taub, 37, of Clifton, New Jersey, and Elazar Shmalo, 21, of Passaic, New Jersey sometimes controlled at least 80% of the volume of a targeted stock and traded in several accounts simultaneously, the regulators said.

The scheme, says the Securities and Exchange Commission and the U.S. Attorney’s office in New Jersey, was sophisticated. Taub, a registered broker, and Shmalo, who is unemployed, allegedly coordinated trading in more than $10 billion worth of securities in dozens of brokerage accounts.

The complaint filed against Taub and Shmalo by the U.S. Attorney says they looked for companies with low trading volumes and then entered numerous trades using “helper” accounts that signaled false information to the market, artificially inflating their prices. Later they sold the shares in “winner” accounts at the artificially inflated prices after accumulating positions at lower prices.

https://www.marketwatch.com/story/t...ipulation-of-more-than-2000-stocks-2016-12-12

You have no idea what goes on in the market trading, how much is being manipulated.

Notice how it say manipulation last a few minutes. They are manipulating low trading volume companies which is probably penny stocks. These things don't impact 99% of market participants.

 

[djd09]

"It was unlucky 13 for financials on Wednesday, with a popular banking sector exchange-traded fund extending its longest ever losing streak and underscoring the headwinds facing lenders despite signs of a strengthening U.S. economy and the rollback of unfavorable regulations.

On Wednesday, the Financial Select Sector SPDR ETF XLF, -1.24% also known as the XLF, marked its 13th consecutive drop. The ETF, which comprises some of the biggest banks, including JPMorgan Chase & Co. JPM, -1.54% Citigroup Inc. C, -1.28% and Bank of America Corp. BAC, -1.05% already registered its worst losing streak ever on June 21, when it put in a ninth consecutive drop, according to WSJ Market Data Group.

https://www.marketwatch.com/story/w...ogged-its-worst-losing-streak-ever-2018-06-27

 

[Randolph Kinney]

Of course it's rigged!

Yes, the markets are rigged and manipulated. Play at the crooked dice table and tell me it's the other guy that gets cheated, not you, because you know how to dodge the bullet and win, win, win!

 

[Joe Flacco]

Yes, the markets are rigged and manipulated. Play at the crooked dice table and tell me it's the other guy that gets cheated, not you, because you know how to dodge the bullet and win, win, win!

haha. If you try participating in the market then you might get a better understanding of what you are babbling about.

 

[Randolph Kinney]

View attachment 35902

This is the Credit Suisse inverse VIX product. Went from 20 to 145 from 2016 to Feb 2018 and then it blew up when Volatility returned. Those people lost their money because they were betting volatility does not return and volatility returned in a big way. They didn't lost their money because of manipulation.

VIX Surge Hands 8,600% Profit to Little-Known Hedge Fund

February 11, 2018

Not everyone got crushed when the market collapsed.

For traders at a little-known Denver hedge fund who saw it coming, it was the score of a lifetime — a $17.5 million payday on a $200,000 bet.

Borus’s team bet that an exchange-traded fund linked to a calm stock market would go to zero in the event of suddenly volatile trading. The ETF almost did — it lost 96 percent of its value.

As they walked, the two of them — Ibex’s director and chief data scientist — were on the phone with a client and in passing mentioned rare, so-called black-swan events. The client told them to check out the VIX Index. One was happening as they spoke.

What was happening was the biggest plunge for U.S. equities in more than six years. Concern inflation was seeping into the economy triggered a decline in the Dow Jones Industrial Average that reached 6.3 percent at its lowest level.

http://fortune.com/2018/02/10/vix-index-hedge-fund-colorado/

Actually, the market as a whole lost value big time, not just those in the inverse VIX fund. How did that happen? Hedging my boy, computerize hedging triggered by the VIX index. Happens often you say?

 

[Joe Flacco]

Sorry, your understanding of the stock market is weak.

 

[Randolph Kinney]

haha. If you try participating in the market then you might get a better understanding of what you are babbling about.

Like I have said Joe, I have many year investing in the markets. I have shorted stocks, I have bought calls, puts, straddles. I have arbitraged interest rates when the FED lowered them, I borrowed money on margin and bought high yield divided stocks and high yield bonds. I have made vulture plays buying bankrupt utility bonds at a discount knowing that they would have to make good on them.

So my question to you, are playing the market Joe and employing more than a contrarian philosophy? Or are you a sophisticated trader? Or do you talk a line of bull?

 

[Joe Flacco]

 

[Joe Flacco]

Those short VIX morons lost their money because they bet that there would not be a correction after the market went straight up. The people that made money when it corrected bet that there would be a correction. It is pretty simple. It is not manipulation. Your understanding of the market is weak.