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This article is not persuasive at all. With the exception of one quote ("That was some 40% of the day’s trading volume in September e-minis") none of these fac
by audiometry 7y ago
This article is not persuasive at all. With the exception of one quote ("That was some 40% of the day’s trading volume in September e-minis") none of these factoids were put in any context that indicates exceptionalism (or not) of them. How many similar-sized trades also puked money instead of made?
I'm not saying Trump, his reptilian cronies, and liked-minded types wouldn't be capable of imaging gross schemes like this, but this article goes almost nowhere in proving it. As someone else points out, it also conflates all sorts of events (IGRC, HK, Trump) into a single conspiratory organism. Unlikely.
I'd also say there are myriad examples (some posted here) that indicate insider-trading/tipsterism often is not nearly as profitable as you'd imagine.
Further.... There is an econometrician Phillip Verlegger who, back in the 1990s was doing analysis of futures markets that suggested that Saddam Hussein was using headlines about the UN-Oil-For-Food program to drive oil futures prices (which presumably his cronies exploited). I can no longer remember the details of his analysis, but it was evidence-based rather than the sensationalism this article pumps.
- aaronbrethorst 7y agoIf only there were some sort of regulatory body commissioned to investigate the exchange of securities that could take things farther than a magazine best known for its Hollywood elite photo spreads!
- benj111 7y agoNot sure why you're getting down voted. All fair points.
- ratsmack 7y ago>I'm not saying Trump, his reptilian cronies, and liked-minded types wouldn't be capable of imaging gross schemes like this, but this article goes almost nowhere in proving it. What's the point of going here. There are crooked people of all political ideologies and this offers nothing of substance to the argument.