Sure you do, this was Friday's intra-day chart of SPY, the ETF that tracks the performance of the S&P 500. It's pretty similar to what happened every day last week, with a high-volume (relatively) sell-off followed by a recovery on almost no volume into the close, giving us the impression that the markets are flat.
Only Friday was a bit different. On Friday, the market manipulators were so desperate to close the week on a high note and so greedy, that they also got sloppy and now we have some very clear evidence of what complete and utter BULLSHIT this market is:
What do we see here? Despite a 0.45% rise in the S&P and a 0.39% rise in the NYSE, 0.4% in the Dow, 0.45% in the Nasdaq and 0.25% rise in the Russell, the FACT is that there were FAR MORE shares DECLINING than there were advancing. In fact, on the NYSE MKT (what used to be called the AMEX), declining volume outpaced advancing volume by 115%. 115%! Yet we get a 0.4% RISE in the index?
On the NYSE itself, 2,079 stocks declined while only 1,057 (33%) of the stocks advanced and there was 56% more volume to the declining shares than the advancing shares yet, MIRACULOUSLY, 160 NYSE stocks made new 52-week (and, often, all-time) highs while just 30 made 52-week lows. That's 84% positive! Isn't that amazing? Isn't that UNBELIEVABLE???
You wouldn't risk your money on such obvious fakery, would you? You wouldn't give your hard-earned money to a person whose job it was to deceive you, would you? THEN WHY ARE YOU PUTTING YOUR MONEY INTO THIS FARCE OF A MARKET? The action on Friday wouldn't even constitute a "good" magic show: Boo, hisss – we can see the wires! The fakery is so obvious a child would question those numbers vs the illusion of the chart that the magicians produce. Yet people are literally betting their life savings on this ridiculous fakery. Crazy, isn't it?
"Manipulation consists in leading the stock market horse, otherwise known as the public – to water, and making him drink; or, as the case might be, in making the public believe the securities it holds are worthless or about to sell on that basis.
Most of the time, manipulation was used to advertise a certain stock by creating an illusion of deep trading interest through action on the ticker machine. Such action piqued the interest of the gambling, bucket-shop types who shunned statistics and earnings trends for the latest hot tip.
It allowed insiders to distribute their holdings.
When a man sees a stock going up, up! UP! something goes to the very soul of the greed-stricken man, who visioning to himself a dazzling money-happiness, reaches out quivering fingers, clutches eagerly in the air for the fortune within his grasp… Men do not read the papers with their very soul; and that is the only way they reach the ticker. The mirage is so real! They buy and later, they curse the manipulator who deceived them."
It's a never-ending feedback loop. Well, never-ending until it all blows up in our face in a "black swan" event that the MSM will convince you that no one could have seen coming. Well, we see it coming and we flipped our Short-Term Portfolio more bearish on Friday because we can clearly see the way shares are, in fact, being distributed by insiders while, at the same time, their media lackeys chase the retail shareholders into the markets to hold the bag.
The fact that the actual state of the World Economy is bad and getting worse is simply one of those "inconvenient truths" that the media has already practiced getting you to ignore so their Corporate Masters can continue plundering and pillaging without criticism.
Like frogs in slowly boiling water, people don't even know there's a problem until it's far too late to do anything about it but, if this house of cards gets too high and things begin to collapse – you will feel a lot more like a frog in a blender – there may not be time to save yourself from that!
Be careful out there,
- Phil
Tags: Edwin Lefevre, Federal Reserve, mainstream media, Market manipulation, NYSE, Quantitatve Easing, quote stuffing, S&P, SPY
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