ECON Huckabee on Fox--financial terrorism?

[Menagerie]

Mike Huckabee was just on Fox News and suggested an investigation into volume and sales for the last hour or so of trading on Wall Street over the course of the last 12 days.

He suggested that the incredible spike in the volume of trades and the time at which they began suggests a coordinated, programmed effort. He said the effect has been that the market then does not have time to "right" itself and the next day people approach the market in a "freak out" mindset. He seemed to feel that it may be terrorism--and a very effective terrorism at that.

Of course, he explained it better.... Maybe the clip will show up on YouTube later?

Menagerie

 

[Beach]

I saw him too and was going to post. He was followed by Bush's Saturday radio speech. One of Bush's items was that they are having the SEC investigate possible market manipulations.

I've been wondering about this....have wondered whether Soros is up to his old tricks.

 

[Kadee]

Someone really needs to explain "programed" trading to Mikie. LOL

 

[2redroses]

I just saw this too and came online to see if there was any additional information on this angle... never thought of Huckabee as being a terrorist conspiracy type so wonder if this has been an attack?

 

[Beach]

Someone really needs to explain "programed" trading to Mikie. LOL

It's not just Mikie. GW after leaving the G7 meeting said on his radio address that they will be investigating market manipulation.

 

[Kadee]

It's not just Mikie. GW after leaving the G7 meeting said on his radio address that they will be investigating market manipulation.

What did you expect him to say? They're throwing everything against the wall, hoping for something to stick.

 

[bakodgid]

That is comical. The government investigating manipulation. I guess they don't like the prospect of cometition in their game. I hope they look in the mirror first.

 

[nuance4u]

Sell on the Bell

I heard on Fox Business Network for yesterday and Wednesday that they had massive sell orders for the closing bell for two stocks. I don't remember which two stocks those were.

Jeff

 

[AR15ER]

That is comical. The government investigating manipulation. I guess they don't like the prospect of cometition in their game. I hope they look in the mirror first.

Just like that old bumper sticker, "Don't steal, the Government does not like competition."

 

[Chartreuse]

So the selling is terrorist activity, but the unexplained, massive, well-timed buying that goes on is just, what? Oh, let me guess. We're talking about Huckabee here. He'd say it's "God's will."

 

[SIRR1]

Hmmmm, the .gov could be correct in their thinking.

I wonder if it's the Chicoms or the Soviets?

Who ever is making the call to sell would have to be established and connected to make such a large sell off, so this is trackable and I am courious to see who the gov fingers for the manipulation.

If it's AQ then the Feds would seize their accounts and lock up their money putting an end to this type of terrorism.

Prior to 9-11 there was market manipulation on some stocks I can't remember which ones but they made big money and then they dissapeared.

I am thinking out loud here but if it's a country trying to bring down our economy then it could be an act of war and things might get real ugly when the Feds figure out who it is.

I wonder if it's Iran, they would have the money to manipulate the markets, hmmmm.

Or it could be just a bunch of investers selling off in mass...

 

[Jean B]

I think Dennis posted on this very idea when it came right out of the shoot.
What if "someone" did mess with it? Then what?

 

[Desperado]

Maybe he just read this thread

http://www.timebomb2000.com/vb/showthread.php?t=305040

but didn't mention the Fed by name.

 

[fairbanksb]

Maybe he just read this thread

http://www.timebomb2000.com/vb/showthread.php?t=305040

but didn't mention the Fed by name.

Something to think about. Whether it be the Fed or somebody else, if it weren't intentional why all the talk about confirmed bank holidays unless somebody knows that the crash will continue?

 

[BoatGuy]

My reasoning is this, and I'm no economic genius, so feel free to correct me if I'm wrong...

The market was on-track to close down in a major way.
Suddenly, in the last hour or so, a HUGE volume in orders, kicked the market in the a$$ and it closed only down a little bit.
I think these had to be buy orders, because sell orders would have killed the market.
The only ones that have the capability to make these huge purchases would be the governement (or several corporations that just "happened" to have the same preprogrammed buy point).

So, either the corps are conspiring to buy the market while it's down or the government has become a MAJOR shareholder and is trying to prop up the market.

Can anyone please show me flaws in my thinking?

 

[seven.sixtwo]

i saw him on Cavuto this morning also. I agree. the terrorists are celebrating this. They do not need to attack us...our govt. is going enough to bring us down.

 

[Publius]

That is comical. The government investigating manipulation. I guess they don't like the prospect of cometition in their game. I hope they look in the mirror first.

This guy found out that silver & gold market was being manipulated and the investigations were being white washed or covered up.http://news.silverseek.com/tedbutter/1222712899.php

 

[Jeffrey Thomason]

So the selling is terrorist activity, but the unexplained, massive, well-timed buying that goes on is just, what? Oh, let me guess. We're talking about Huckabee here. He'd say it's "God's will."

I'm always amazed at how someone can be dismissed solely on their religion.

That being said, buying is much more passive then selling. Buy orders are usually set up to kick in when a stock gets at or below a certain price. Yes you can set up Sell orders too, but a Sell is /usually/ a much more conscious decision. You say "Sell this stock for somewhere between A and C" well chances are there are buy orders sitting out there that say "Buy this stock if someone is willing to sell it for between B and D".

In other words, it's not "well timed buying", it's buy orders that are already in place waiting for the selling to occur (if it ever does, buy orders can sit out there forever in computer systems)

So yes it /could/ be a foreign force that has held onto stock and then pumps out lower then expected sell orders causing existing buy orders to kick in.

Is this whats happening? I personally wouldnt be surprised, but the impact may not be as much as some are implying.

 

[mikester]

People think of the President's Working Group on Financial Markets as the "Plunge Protection Team." A group that tries to prevent drastic drops in the market. Why do they think this group would not manipulate the market downward as well as upward?

The purpose of all the steps taken by Paulson & Bernanke, right down to their puppet President Bush's Rose Garden chats, is to further erode confidence in the market.

No reason to look beyond our own shores for the root of this treasonous activity.

 

[Be Well]

Hmmmm, the .gov could be correct in their thinking.

I wonder if it's the Chicoms or the Soviets?

Who ever is making the call to sell would have to be established and connected to make such a large sell off, so this is trackable and I am courious to see who the gov fingers for the manipulation.

If it's AQ then the Feds would seize their accounts and lock up their money putting an end to this type of terrorism.

Prior to 9-11 there was market manipulation on some stocks I can't remember which ones but they made big money and then they dissapeared.

I am thinking out loud here but if it's a country trying to bring down our economy then it could be an act of war and things might get real ugly when the Feds figure out who it is.

I wonder if it's Iran, they would have the money to manipulate the markets, hmmmm.

Or it could be just a bunch of investers selling off in mass...

I know nothing about such things, but could this have some connection with the recent news of Chinese hacking the IMF or World Bank website over the last year stealing all kinds of sensitive info? Or was it some other financial site they did it to?

 

[WildDaisy]

So what were the stocks that consistently traded on massive volumes during that last hour? He said there was a pattern and that the volume increased substantially that last hour.

 

[Trasael Adnepos]

Enter the scape goat boogeyman what really dunnit. Wunder who we gonna hafta get now? Good grief, Charlie Brown, can gubmint be any more obvious about blame shifting? Wag the dog, anybody? That would be the sanest thing they've done with that poor dog lately.
Enter the story Fox pulled with a major retraction about the World Bank database being hacked for high level national accounts of member nations 6 months ago..
I smell a set-up for a FINE national diversion while they finish off the Republic.

Tras
___________

"They who have put out the people's eyes reproach them of their blindness."
John Milton, 1642

 

[bleep2u2]

Mutual funds accumulate their buy or sell orders during the day from customers You will notice that volume picks up in the last hour in Bull Or Bear market accumulation or liquidation phases. There is no mystery to it. Huckabbee is financially naive. His stupid flat tax would vastly favor the rich--unfortunately McCain or Obama are no better.

 

[nadhob]

Happy Hour

Mutual funds accumulate their buy or sell orders during the day from customers You will notice that volume picks up in the last hour in Bull Or Bear market accumulation or liquidation phases. There is no mystery to it. Huckabbee is financially naive. His stupid flat tax would vastly favor the rich--unfortunately McCain or Obama are no better.

The last hour of the day is almost always the heaviest in volume. When the days general direction is up, the shorts who lose money when that happens, tend to wait and pray for a reversal, need to cover. By doing so they add fuel to the rally sending the market significantly higher. The converse is true when the market is trending downwards. Short selling will push it lower than it would normally flow on its own. Add to all this a volatile market mindset, hedge fund redemption's, mutual fund redemption's, are time sensitive issues that need to be resolved before the market closes. In effect, the managers wait to get the best possible price, then they capitulate and sell. All adds up to a volatile happy hour.

 

[SpiritBear]

Mutual funds accumulate their buy or sell orders during the day from customers You will notice that volume picks up in the last hour in Bull Or Bear market accumulation or liquidation phases. There is no mystery to it. Huckabbee is financially naive. His stupid flat tax would vastly favor the rich--unfortunately McCain or Obama are no better.

And why, exactly, do you think his "stupid" flat tax would "vastly favor the rich"?

Sounds like a pretty uninformed opinion to me. Flat tax means exactly that - everyone pays the same percentage. No more "gee, you make money, so we're gonna soak you and give it to someone that hasn't earned their OWN".

Yupper. Sure sounds like "vastly favoring" to me!

 

[Spark Farkle]

I was talking with our warehouse manager on Friday about all the market volatility. He suggested that perhaps companies are beginning to buy back their own stock since prices have been beaten down so severely. This would tend to put a floor under stock prices at some point. Company buy-backs, combined with short covering and gov't intervention, could help account for the wild 1000 point swing from low to high in the DJIA this past Friday.