Trader on Bloomberg says markets are manipulated and volumes 'ficticious'.

[ginofrater]

OBAMA  2012

[jcjovic]

this bro must had been smashed by the market or... he plainly wanted to play savior

.

[derberg19486]

Its called "lack of regulation"

[diurdi]

@derberg19486 No, it isnt. There should be LESS regulation.

The reason HFT:s work is cause they get "inside information" by getting info a fraction of a second faster.

[bilaczenko]

No executed trade fees paid for bots

[AntiPsychopath]

Ha...This guy doesnt know what he is talking about. The game is as fixed as life is.....SUCK IT UP, know the games....I am a RETAIL TRADER, and I take the algo to the woodshed....THIS GUY is probably a crap trader

[goldenshots]

WOW JOE THANK YOU.GOT IT RIGHT ALMOST A YEAR AHEAD OF TIME. Apply what he says to the flash crash

[0iu1]

...fat finger error trade my a*s!

[Chooka03]

Anyone who watches the market frequently knows that "bots" are used everyday on stocks. It sucks. No way could the regular investor/trader do what a bot does. The brokerage would do just that ...send us broke.

[mattc941]

@Chooka03 The 'bots' are not going to influence your ability as a professional trader who constantly pulls money out of the market. Its noise, thats all.

[moniequa]

i think this guy knows what he's talking about.

[vasiliosrigos]

This move up is all a mirage. There is absolutely no fundamentals to suggest these gains.The only thing I can think of is they want us poor saps back in so they can crash it again and totally wipe us out.Its basically how the caused the great depression. People were getting rich over night , putting every penny they had into the market so they devised margin and people were buying more on credit and they crashed the market on purpose after the elite cashed out on the over priced stocks.B weary

[eisenherz188]

"The move up is all a Miracle": No its not, do not mix up with lottery. So why the stock market deposited this rally since March? This is because the expectations in future gainings got brightened.

Trading means dealing with future prices. Its not magic if you learn more about the stock markets.

[vasiliosrigos]

Why not research the collapse of the market in the first depression.The same thing ,exacly is happening. There are no longer fundamentals to this market. Its fake . Listen you want see if I know markets, Between 2006 and 2007 I shorted companies such as ncen, countrywide, c ,among many others .Go to motley fool and see all the shorts I made .Look up billyvr 725. I stopped playing a year ago,but look at all the shorts i made . At one point I was in the 99th percentile. So buy short puts for oct

[eisenherz188]

Ah OK I will have a look at. Do you tade with Leverage?

[kosai19]

I get a feeling we'll come back to this video in October of 2009 and say "Oh, he was right".

[kosai19]

Karl Denninger has a good video where he also explains how high frequency trading works.

[VincentDarkVII]

Perfect title for this video:

"Man talks to Children about High Frequency Trading"

[KPaju87]

"We never have enough time for you"

[preshere]

Sounds like herd mentality on technological steroids.

[capitansurfista]

smujismij thats sadly the truth but we all dont want to buy that truth as it seems too crude (like peakoil reality) instead we want to buy stupid fundamentalism of the "free" market becoming everyday less healthy and really unhappy...i mean most humans considered themselves "normal"..I am abnormal long time ago and I am happy. Cheers from Ecuador:=)

[buddcinder]

I`m surprised the Americans have not burned down wall street yet.

[derberg19486]

@buddcinder Americans are too stupid to do what is good or right for themselves. They all think one day I will be a rich, odds are about 10 million to one, same as a lottery ticket, so why would mainstreet Americans vote Republican is a 100% con job.

[partymariner]

@buddcinder Where's Mario Budda when yo need him? He bombed Wall Street in 1921 with a donkey cart laden with explosives!

[smujismuj]

"Capitalism is the astounding belief that the wickedest of men will do the wickedest of things for the greatest good of everyone."

John Maynard Keynes

I think that the stock market has now outdone religion as the most successful scam in human history.

[pokerslut530]

Well said sir, very well said.

[poweroftheglory]

Capitalism is what built this country.  Most people don't innovate for the good of humanity, but for their own selfish desires.

[smujismuj]

At least that's what the people on the top of the pyramid want you to believe...I'm sure they LOOOOVE believers like you.

[pookiecatblue]

i'm staying out of this market. let 'em cheat and screw each other. thanks for showing this, bloomberg. down with CNBC.

[pc3222]

meanwhile volumes on the nyse and nasdaq have been exceedingly low and take out $1 and $2 stocks & there's lowest volume in years

[overseachininadoll]

That's what the Goldman's doing all alone. They designed this kind of empty boxes, (as Max Keiser put it.) to box everyone in it then close the lid. Remember the guy who had "stolen" Goldman's software was arrested the next day by FBI? The High Tech High Speed thing is Goldman's little cheat cheat...

[jemen9]

LOOK AT WHAT OUR FREEDOM GOT US?

got you out of the kitchen, shoes on your feet, a good job, the right to vote, not getting killed for not wearing a vail ya dumb bitch.....

[COCKROACHEXS999]

that women "LOOK AT WHAT OUR FREEDOM GOT US?"

HOLY FCK I guess its better that our freedom is taken from us 4 sure

The MEDIA IS CONTROLLED by our RULERS Gore Vidal

Yoetah u sir r a asleepobammmmmmashee

This guy there interviewing is GREAT

[Boomer1949]

Yep! the big boys are racking off the top on anyone with a 401K or Ira and they've been doing it since the internet went global.

[frankjenkins2002]

The stock market is a total scam. Ive been putting 3% of my income into my 401k since 1996, and even with matching I would have been better off putting it in a savings account.

[eisenherz188]

You are right but trading nowadays is much different from the past. It was becoming much faster and providing the pro tools to everybody. Its hard work to get the knowledge how that system works and to stay on current news level needs a lot "waste of time". At the present day long-dated means few weeks, short-dated almost scalping. The sleeping pill term of A. Kostolany doesn´t fit not for ever.

[pulsescan72]

The stock market is NOT the scam. the 401k Is THE SCAM!

[All4RonPaul]

John Mauldin has a great article on this. Lookup "Buddy, Can You Spare $5 Trillion?" (the second half of his letter is about the US taking up 60% of the 2009 world wide public debt issuance)

[paulkielsmithdotcom]

The original "Crash" of 1929 that historians moan and groan about was NOTHING compared to what followed in 1931 to 1932.

The fact that a professional trader - with access to and an interest in knowing who is actually providing the volume on the "buy side" of this market - says the buying is coming from just a handful of "momentum" players is a sign that we may be in for a much more severe crash in the near future than most people can imagine.

[unomnacajit111]

@paulkielsmithdotcom i guess you went bankrupt...

[Yoetah]

"If you think the market's man-ipulated..."

Hush your mouth...the market isn't manipulated.

Good grief!

[doc7474]

try to wikipedia "Plunge Protection Team"

[therealcaptobvious]

OMG WOW! The blonde isn't too bright.

she does not know the difference between socialism and capitalism?

He expressed obvious doubts about the market. But this not too bright lady should've asked why the market makers and the specialists won't buy the shares back.

You absolutely must have an IQ of a fly to report on finance nowadays.

[therealcaptobvious]

he's talking about churning. Many times daytraders will buy and sell to get commissions down.

[nextdimensions]

interesting