The President Is Actually Trying to Talk the Markets Into a Panic.

Commentary Magazine ^ | July 22, 2011 | John Podhoretz

[thecodont]

It is usually done by making false trades of great size, far away from the bid/ask amounts, then instantly canceling those trades fractions of a second later, before someone could take advantage of them. The practice is highly illegal, but is being ignored by the SEC.

In Jim Thompson's noir novel The Grifters, the character Lilly Dillon works for a bookie who runs an off-track betting operation. She visits the racetracks and places money on long-shot horses to "even out the odds" in case one of them wins--this is to ensure that the odds placed by the bookie match the actual odds that day at the track, so the bookie won't lose his money.

This sounds like the same thing.

[Oatka]

Thank you pookie19.
Have a great Sunday, Pookie!

Oops - fast fingers - shoulda been pookie18. (hangs head)

[stephenjohnbanker]

close enough ;-)