German Börse In Talks To Buy The New York Stock Exchange

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Global Stock Exchanges Are Headed for Major Consolidation (CNBC)



Traders at the Frankfurt Stock Exchange in Germany, whose owner is negotiating to purchase the New York Stock Exchange.Marius Becker/DPA, via Agence France-Presse — Getty Images

The New York Stock Exchange, a symbol of American capitalism for more than two centuries, may soon have new owners — in Europe.

The exchange, facing pressure from electronic upstarts that have taken business away from it, said on Wednesday that it was in advanced talks on a merger with the operator of the Frankfurt Stock Exchange. A deal would create the world’s largest financial market, with a presence in 14 European countries as well as the United States.

A merger would potentially let customers trade stocks in New York, options tied to those shares in Paris and derivatives linked to them in Frankfurt.

A combination, after the mergers of other exchanges, would be another illustration of how globalization and technology have changed marketplaces. The New York Stock Exchange is a giant among exchanges, yet in a world of around-the-clock trading and rapid-fire algorithmic programs, its significance to investors has diminished. Once known for chief executives who were prominent cheerleaders for the stock market, the exchange now has a more muted public presence.

Read moreGerman Börse In Talks To Buy The New York Stock Exchange

All You Need To Know About High Frequency Trading: ‘Sell Everything, And Shutdown’; 4 Years Without A Loss

“The founder of Tradebot, in Kansas City, Mo., told students in 2008 that his firm typically held stocks for 11 seconds. Tradebot, one of the biggest high-frequency traders around, had not had a losing day in four years, he said.”


The reasons for last week’s collapse will be probed for a long time, and likely no firm conclusion will ever be derived, because it was caused by a confluence of numerous factors. While there may be immediate causes for the plunge, the one recurring reason for both that crash, and all future ones, will be dominant role played by HFT traders as they now control market structure when they operate, and the massive vacuum left when they decide to simply shut down when things get too heated and there is no regulated liquidity provider backstop. As the New York Times reports yesterday from your typical HFT bucket shop “as the stock market began to plunge in the “flash crash,” someone here walked up to one of those computers and typed the command HF STOP: sell everything, and shutdown.” A vivid and brief summary of what we have been warning for over a year. Also, we find out that just like Tradebot, which as “one of the biggest high-frequency traders around, had not had a losing day in four years” that Goldman, and all the other big banks who reported a flawless first quarter, are now nothing but one large HFT prop shop: they push the market higher on no volume, and when the selling in size commences they all just shut down. So much for providing liquidity when it is needed. And as for that 4 year track record… What did Madoff go to jail for again?

From the NYT:

Above the Restoration Hardware in this Jersey Shore town, not far from the Navesink River, lurks a Wall Street giant. Here, inside the humdrum offices of a tiny trading firm called Tradeworx, workers in their 20s and 30s in jeans and T-shirts quietly tend high-speed computers that typically buy and sell 80 million shares a day.

But on the afternoon of May 6, as the stock market began to plunge in the “flash crash,” someone here walked up to one of those computers and typed the command HF STOP: sell everything, and shutdown.

Read moreAll You Need To Know About High Frequency Trading: ‘Sell Everything, And Shutdown’; 4 Years Without A Loss

Insights From An Ex-Wall Street CEO On Market Manipulation

“I cannot come up with any explanation for market activity for last 15 months other than treasury intervention. Probability of other explanation is nonexistent.”

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I am Ex CEO of mid sized Wall Street Firm. Known for equity research; reasonably good trading; acceptable Investment Banking. Now retired
Equity Block Trader early in career. May have traded more 1,000,000 share blocks than anyone over 10 year period.

Executed 1st program trade that I am aware of. Manually handled blocks of stock vs options on the XMI for expiration October of 1983.
Oversaw global equity trading, for top 5 firm. Was senior trader and oversaw hedge book during 87 crash. Still have time and sales from that day for all trades on NYSE.

Can read the tape as well as most.

I cannot come up with any explanation for market activity for last 15 months other than treasury intervention. Probability of other explanation is nonexistent.

Read moreInsights From An Ex-Wall Street CEO On Market Manipulation

The Illuminati Banksters: JPMorgan vs. Goldman Sachs

JPMorgan vs. Goldman Sachs: Why the Market Was Down for 7 Days in a Row

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We are witnessing an epic battle between two banking giants, JPMorgan Chase (Paul Volcker) and Goldman Sachs (Geithner/Summers/Rubin). Left strewn on the battleground could be your pension fund and 401K.

The late Libertarian economist, Murray Rothbard, wrote that U.S. politics since 1900, when William Jennings Bryan narrowly lost the presidency, has been a struggle between two competing banking giants, the Morgans and the Rockefellers. The parties would sometimes change hands, but the puppeteers pulling the strings were always one of these two big-money players. No popular third party candidate had a real chance at winning, because the bankers had the exclusive power to create the national money supply and therefore held the winning cards.

In 2000, the Rockefellers and the Morgans joined forces, when JPMorgan and Chase Manhattan merged to become JPMorgan Chase Co. Today the battling banking titans are JPMorgan Chase and Goldman Sachs, an investment bank that gained notoriety for its speculative practices in the 1920s. In 1928, it launched the Goldman Sachs Trading Corp., a closed-end fund similar to a Ponzi scheme. The fund failed in the stock market crash of 1929, marring the firm’s reputation for years afterwards. Former Treasury Secretaries Henry Paulson, Robert Rubin, and Larry Summers all came from Goldman, and current Treasury Secretary Timothy Geithner rose through the ranks of government as a Summers/Rubin protégé. One commentator called the U.S. Treasury “Goldman Sachs South.”

Read moreThe Illuminati Banksters: JPMorgan vs. Goldman Sachs

High Frequency Trading Raises Meltdown Fears

Meltdown? Fear?

“We are doing God’s work!”


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(Click on image to enlarge.)


(Financial Times) — An explosion in trading propelled by computers is raising fears that trading platforms could be knocked out by rogue trades triggered by systems running out of control.

Trading in equities and derivatives is being driven increasingly by mathematical algorithms used in computer programs. They allow trading to take place automatically in response to market data and news, deciding when and how much to trade similar to the autopilot function in aircraft.

Analysts estimate that up to 60 per cent of trading in equity markets is driven in this way.

Concerns have been highlighted by news that NYSE Euronext, the transatlantic exchange operator, has fined Credit Suisse proprietary trading arm for the first time for failing to control its trading algorithms. In the Credit Suisse case, its system bombarded the NYSE’s systems with hundreds of thousands of “erroneous messages” in 2007, slowing down trading in 975 shares.

The case was far from isolated, say traders. CME Group, the Chicago-based futures exchange, is investigating a case this month where a trader in “mini” S&P Index futures contracts “inadvertently traded approximately 200,000 contracts as both buyer and seller”.

Last year, the London Stock Exchange suffered a three-hour outage after its trading system collapsed under the strain of a huge volume of orders. Some traders blamed the spike in volumes from algorithmic trading.

Frederic Ponzo, managing partner at GreySpark Partners, a consultancy, said: “It is absolutely possible to bring an exchange to breaking point by having an ‘algo’ entering into a loop so that by sending them at such a rate the exchange can’t cope.”

Read moreHigh Frequency Trading Raises Meltdown Fears

The Cathedral of St. John the Divine depicts the destruction of New York & Wall Street as described in the Book of Revelation

Here at Infinite Unknown I post almost every day one or even several articles warning that….

1. The real crisis has just started.

2. The stock market rally will end in a bloodbath.

3. The US government and the Fed are doing everything to destroy the US dollar.

4. The US will experience the greatest controlled financial collapse in history, which will turn the US into a Third World country.

5. This is the Greatest Depression in world history.

Just imagine how New York will look like if these events come true.

I predict that within 2 years all of this will become very obvious to everyone.


The Cathedral of St. John the Divine

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The Symbols

The impressive exterior of the cathedral provokes a humbling sensation at whom gazes at it. But what are you humbling yourself to? We’ll examine the details of the artwork.

The Apocalyptic Pillar

On the western facade of the building, stonemasons have sculpted numerous scenes that seem oddly out of place for a Cathedral. The most striking one is the chilling depiction of the destruction of New York city and its landmarks.

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(Not only the) Twin towers collapsing.

The scene above was done in 1997, four years before the destruction of the Twin Towers.  Other recognizable skyscrapers are the Chrysler Building and the Citigroup center.

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Apocalyptic New York

The scene above might be unsettling for New York residents. We see the Brooklyn bridge crumbling with cars and buses falling into agitated waters. At the right is the Statue of Liberty, which seems to be sinking in the water. Beneath this horrifying prophecy is the New York Stock Exchange, with people trading goods around it.

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So, what is the purpose of this weird carving? Well, the first thing that needs to be mentioned is the actual St. John the Divine is credited for writing the Book of Revelation in the Bible, which describes in symbolic imagery the events of the apocalypse. Occultists believe that the Book of Revelation has been hermetically coded to reveal its true meaning to the initiates of esoteric teachings. This scene, carved on the west entrance of the cathedral, depicts New York as being “Babylon the Great”, the city who gets completely destroyed by the wrath of God. The Book of Revelation mentions:

“Fallen! Fallen is Babylon the Great!

She has become a home for demons

and a haunt for every evil spirit,

a haunt for every unclean and detestable bird.

For all the nations have drunk

the maddening wine of her adulteries.

The kings of the earth committed adultery with her,

and the merchants of the earth grew rich from her excessive luxuries.”

-Book of Revelation 18

The artists might be on to something because there is indeed numerous similarities between the actual New York city and the description of Babylon the Great in the Bible.  The Book of Revelation mentions:

  1. A “Great Prostitute” who sits on many waters – peoples, multitudes, nations and languages – holding a golden cup. She rules over the kings of the Earth. = The Statue of Liberty
  2. Merchants of the Earth who grew rich of her “excessive luxuries”, weeping because nobody buys their goods anymore = New York Stock Exchange

“The merchants who sold these things and gained their wealth from her will stand far off, terrified at her torment. They will weep and mourn and cry out:

” ‘Woe! Woe, O great city,

dressed in fine linen, purple and scarlet,

and glittering with gold, precious stones and pearls!

In one hour such great wealth has been brought to ruin!’

– Book of Revelation, 18

Knowing that, still today, over 70% of the world’s capital goes through the NYSE, we understand why the building was depicted on the apocalyptic pillar. It represents the “financial” aspect of the Book of Revelation, where it repeatedly refers to rich merchants and trading goods.

So, a landmark of NYC, the St. John the Divine Cathedral, predicts in vivid detail the destruction of its home city. Pretty unusual. Under the rendering of the NYSE, we a skeleton and strange creatures, who seem to represent death and destruction. Is this some sort of prophecy?

………………..

Background and History of the Cathedral

This unfinished building has been claimed as being the world’s largest cathedral. It is realistic to maintain such high aspirations when your sources of funding include tycoons like JP Morgan and prominent figures like the Grand Master of the Masons of the state of New York. The completion of the cathedral was such a prized accomplishment for the Freemasons that it was featured on the front page of “Masonic World” of March 1925.

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The article states:

“It is particularly fitting that the Masons, who were the principal builders of cathedrals and churches during the greatest cathedral-building period, should now have a prominent part in the movement to build America’s greatest cathedral (…) Little need be added to the story of Freemasonry during the cathedral-building period; its monuments are its best history, alike of its genius, its faith and its symbols.”

The article openly admits that masonic cathedrals represent the best legacy of the Brotherhood and the symbolism is prominently showcased. The masses are however too ignorant to recognize the meanings behind the art, so they just stare at them, thinking “it’s pretty nice”.

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Illuminati Pyramid and All-Seeing Eye on the Cathedral of St. John the Divine

illuminati-pyramid-and-all-seeing-eye-on-the-cathedral

Illuminati Pyramid and All-Seeing Eye

Read moreThe Cathedral of St. John the Divine depicts the destruction of New York & Wall Street as described in the Book of Revelation

We Are Facing a Total Breakdown of Financial Markets

Red alert:

Get out of the stock market. This is a trap. Take a close look at the P/E ratio. The ‘real’ next leg down in the stock market will be a bloodbath.

Gerald Celente: ‘Their is no recovery; It’s a coverup. We are already in the Greatest Depression.’

CIT Bankruptcy Filing Expected in Days; $2.3 Billion Taxpayer Money to Be Wiped Out; Goldman Sachs Receives $285 Million In Termination Fees:
“With $71 billion in assets, CIT would have the fifth-largest bankruptcy filing in U.S. history.”

(Every investor is fully responsible for his/her own actions, actually for his/her entire life. Blaming others is a sign of weakness. It is giving your power away to others and leaves oneself in the position of a pathetic, powerless victim.)


bear-market

By Bob Chapman

Insiders at corporations are selling with glee. Thirty times more sell orders than buy orders.

During September and October we still saw short covering. We also see that 73% of NYSE trading was of the black box variety, program trading. There are 16 firms front-running all market trades and the SEC refuses to do anything about it, so that Goldman Sachs and JP Morgan chase can further enrich themselves, illegally. The SEC calls it flash-trading not what it really is, stealing. And, yes, the SEC still refuses to stop naked shorting, which is also illegal – another trove of riches for the anointed insiders at Illuminati run brokerage firms. The remainder of the market strength comes from banks, brokerage firms and insurance companies who are leveraging funds received from the Treasury and the Fed, some $12.7 trillion. That is what this really is all about.

This is the first time ever that the S&P 500 has ever rallied 60% in six months. The Dow reached 10,000, when it should not have exceeded 8,500. That shows you the distortion and manipulation going on and points up the now blatant activities of the President’s “Working Group on Financial Markets,” which, of course, operates in secret. As a tribute to this phony rally we have lost 2.5 million jobs over its tenure, when two million are normally created. Are there no professionals out there that get it? They cannot all be that dumb, and they are not that dumb. They are engaging in a conspiracy of silence. They want to be thought well by their peers at the club. They do not want to be ostracized in the Wall Street click. We know we were there for 28 years, of course, always on the outside looking in, permanently known as goldie. If you want to see where the US stock market is eventually going take a look at Japan from 1992 to today. 70% losses and still unable to get out of its own way with an economy still in depression. Incidentally, if the US market copies Japan, which we believe it will, we could easily fall to 3,800 to 4,200 on the Dow and we’ll be very lucky if it holds there. Others whose opinion we respect are looking for 2,800. Wall Street is pricing into the market earnings not only for 2010 but 2011 as well, which is very dangerous in such an environment. We are still in the worst credit crisis since the 1930s.

Trailing P/E on operating earnings is 27 times. When the Dow was 14,168 in 2007, it was 18.8 times. Reported trailing earnings are 180 times, whereas in 10/07, it was 23.4 times. In 10/87, it was 20.3 times. That should give you something to think about if you are in the market. Normally P/E’s should be 14.5 times.
Instead of chasing an overpriced goose you should be participating in the bull markets in gold, silver and commodities. That is where safety, preservation of capital and possible large gains are to be found, both short and long term. Why fiddle with an overextended bear market rally when you can gain in relative safety. Get rid of those bonds, stocks, CDs, cash value life insurance policies and annuities, which are really uninsured and in the stock market waiting to again fall 40% to 70% in value. The crisis is not over; it is still in the beginning.

The Fed and Wall Street tell us the recession is over and soon policy actions will continue to a gradual resumption of sustainable economic growth. They see no inflation ahead, only the 1.2% presently. Needless to say, they are well aware that real inflation is 6.11%.

Read moreWe Are Facing a Total Breakdown of Financial Markets

New Secrecy Rule Lets Goldman Sachs Control Stock Prices Unmolested by Public Scrutiny

The new rule means the public will no longer be able to tell if large investment banks are manipulating the stock market for their own gain.

goldman-sachs

Headquarters of Goldman Sachs Group Inc., in New York

The New York Stock Exchange quietly announced last week that it would end its practice of requiring companies to report all their program trading — a move that helps shield large investment banks, particularly Goldman Sachs, from public scrutiny.

The new rule means the public will no longer be able to tell if large investment banks are manipulating the stock market for their own gain, says Matt Taibbi, the journalist whose Rolling Stone article on Goldman Sachs’ role in asset bubbles over the past century has rocked the financial world.

According to previous NYSE rules, any company that carried out program trading — essentially, large computer-automated trades worth more than $1 million — had to report the trades to the NYSE, which then made the information publicly available.

But, under new regulations (PDF) published last week, that requirement has been removed.

“The NYSE announced that it will no longer be releasing its weekly program trading data,” Taibbi wrote in a blog posting. “This is quiet obviously a move designed to make it even more impossible to track what’s going on in the NYSE and shield, in particular, Goldman Sachs.”

Read moreNew Secrecy Rule Lets Goldman Sachs Control Stock Prices Unmolested by Public Scrutiny

Goldman Sachs Code Theft BOMBSHELL?

Something really ugly popped up on Daily Kos yesterday late in the afternoon…..

GS, through access to the system as a result of their special gov’t perks, was/is able to read the data on trades before it’s committed, and place their own buys or sells accordingly in that brief moment, thus allowing them to essentially steal buttloads of money every day from the rest of the punters world.

Two things come out of this:

1. If true, this should be highly illegal, and would, in any sane country result in something like what happened to Arthur Andersen…

(2. … is way off point….)

God help Goldman if this is true and the government goes after them.  This would constitute massive unlawful activity.  Indeed, the allegation is that Goldman alone was given this access!

God help our capital markets if this is true and is ignored by our government and regulatory agencies, or generates nothing more than a “handslap.”  Nobody in their right mind would ever trade on our markets again if this occurred and does not result in severe criminal and civil penalties.

There apparently is reason to believe that Sergey might have been involved in exactly this sort of coding implementation.  Specifically, look at the patent claims cited on DailyKos; his expertise was in fact in this general area of knowledge in the telecommunications world……

This is precisely the sort of thing that a Unix machine, sitting on a network cable where it can “see” traffic potentially not intended for it, could have an interface put into what is called “promiscuous mode” and SILENTLY sniff that traffic!

ASSUMING THE TRAFFIC IS PASSING BY THE MACHINE ON THE WIRE THIS IS TRIVIALLY EASY FOR ANY NETWORK PROGRAMMER OF REASONABLE SKILL TO DO.  IF THAT TRAFFIC IS EITHER UNENCRYPTED OR IT IS EASY TO BREAK THE ENCRYPTION…..

Folks, I have no way to know what the code in question does, but if there’s anything to this – anything at all – there is a major, as in biggest scam of the century – scandal here – something much, much bigger than Madoff or Stanford.

What would this mean, if it was all to prove up?

Read moreGoldman Sachs Code Theft BOMBSHELL?

U.S. Stocks Drop Most Since Crash of 1987 on Recession Concerns


A trader looks up at monitor while working on the floor of the New York Stock Exchange in New York on Oct. 15, 2008. Photographer: Jin Lee/Bloomberg News

Oct. 15 (Bloomberg) — U.S. stocks plunged the most since the crash of 1987, hammered by the biggest drop in retail sales in three years and growing doubt that plans to bail out banks will keep the economic slump from deepening.

Exxon Mobil Corp. and Chevron Corp. tumbled more than 12 percent as commodity prices declined on concern the slowing economy will hurt demand. Wal-Mart Stores Inc. retreated 8 percent after the Commerce Department said purchases at chain stores decreased 1.2 percent last month. Morgan Stanley lost 16 percent after Oppenheimer & Co. analyst Meredith Whitney said the government’s bank rescue is not a “panacea” solution.

The Standard & Poor’s 500 Index sank 90.17 points, or 9 percent, to 907.84, with nine companies declining more than 20 percent. The Dow Jones Industrial Average retreated 733.08, or 7.9 percent, to 8,577.91, its second-biggest point drop ever. The Nasdaq Composite Index lost 150.68, or 8.5 percent, to 1,628.33. About 37 stocks fell for each that rose on the New York Stock Exchange.

Read moreU.S. Stocks Drop Most Since Crash of 1987 on Recession Concerns