Skip to comments.'Anyone can make money from a crash', says market trader (says Goldman Sachs Rules the World)
Posted on 09/26/2011 4:49:47 AM PDT by Comparative Advantage
Ministers from the world's richest nations are reportedly on the way to agreeing a deal for troubled eurozone countries.
Following the IMF meeting in Washington, the BBC understands that three elements have been discussed.
They include a so-called "haircut" of Greece's sovereign debt, meaning institutions holding Greek debt would have to write off half of what they were owed.
The plan also envisages an increase in the size of the European Union bailout fund to two trillion euros.
European governments hope to have the plan in place in five to six weeks.
But market trader Alessio Rastani told the BBC the plan "won't work" and that people should be trying to make money from a market crash.
(Excerpt) Read more at bbc.co.uk ...
It helps when you know the answers and what the actual inside info is.
Rothchilds of the world unite! /s
Who is this guy?
He ain’t heavy, he’s my brother.
He’s a stock market trader based out of the UK. Otherwise, that is all I know. I, too, wonder “who he is” and his MO for offering such commentary.
At the Institute we call it "pumping the market." It does not involve the long term future of human development, but rather the short term capture of the market value flux (manipulated by some means). One day's bad news on say the currency market can give immense payoff to the big money boys. It's been going on for quite a while, although the majority of working citizens are clueless.
It is one reason for the contemporary Leftist "reaction" against capitalism, i.e. they do indeed realize this is going on. But they blame "conservatives," as a political reaction, rather than declare that human integrity is the antidote (because they do not know what that means anyway).
It is true in any case the US federal government, including the "Republican" establishment, because it has far too much control over economic parameters, is as corrupt as any government on the planet. Power breeds corruption.
Isn't George Soros famous for doing this?
Yup...his manipulation of the GBP.
Mark up/Mark down
This is how the markets have worked since they began. They have always been manipulated, but you can profit from it. Read the tape, watch the volume and the action. These guys may manipulate the market but they can’t hide it. Volume tells the tale.