This day trading stuff in Delay and Frists offices.

Skidmore

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Thu Jan-19-06 04:07 PM
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This day trading stuff in Delay and Frists offices.

Okay, so I gather we can correlate somehow figure out the volume of buying in conjunction with legislation being passed in Congress. But can a connection be made with the market being used as a tool to prop up * at times of waning popularity? I've always believed that the market was being gamed to make the economy look "better" around the election time and other times when he needed something to brag about. Is this how they did it and can something like that be proven statistically, or do we need one of them to have to confess to something like that in a plea bargain?

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KoKo

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Thu Jan-19-06 04:24 PM
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1. Probably not with "day trading." There's a "Plunge Protection Team"

that operates independently of what the DeLay gang was doing. Things like "off shore accounts" and "hedge funds" and all those financial instruments that are used in programmed trading are more likely the culprit. But they are hard to track.

DU Marketeer site in LBN has been posting articles about this for the last three years. Because most market watchers there were savy enough to notice the "manipulation," whenever there was bad news that in other decades would have "plunged" the market...it always held at certain price points.

:shrug: You could Google "Plunge Protection Team" and come up with a few good articles if you are curious.

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Sammy Pepys

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Thu Jan-19-06 04:25 PM
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2. I've never bought that theory, though...

..if you had enough people on board, you might be able to make the indexes appear better than they were. But that would be tough, because you're going to have deal with thousands (millions) of other entities, traders and institutions alike, carrying out their own transactions.

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alfredo

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Thu Jan-19-06 04:34 PM
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3. I think it was more like insider trading. If they knew a stock is going

to be hit by an investigation, if friendly legislation is going to give it a boost, or if a couple airplanes are going to crash into the twin towers, they can take appropriate action to protect or enhance their portfolio.

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