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AdirondackFund (< 20)

Boris The Spyder



July 07, 2009 – Comments (9) | RELATED TICKERS: SPY

If you were looking for any further evidence of massive manipulation in markets, take a look at this gem.  Goldman Sachs has filed a complaint with the Police alleging that the theft of it's proprietary software could cause 'unfair' manipulation of markets.  'Unfair' manipulation?  Really?  Isn't that an oxymoron, kinda like Jumbo Shrimp?  What passes for 'Egghead Intelligence' these days cannot be far removed from the deliberate creation of our 'Egghead Depression'.   The word 'clawback' now comes to mind.


9 Comments – Post Your Own

#1) On July 07, 2009 at 7:40 AM, ati2ud (39.28) wrote:

So I can understand they are upset with the theft.  But they are now admitting the software can be used to manipulate the market?  Are we just supposed to believe manipulation could only be done by someone other then GS and they never used the software for the very thing they say it can be used for?  This is crazy, Im at a loss that it is so out in the open and yet no one cares.  Would a person write their congressman, lodge a complaint with the NYSE, what can be done?

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#2) On July 07, 2009 at 8:05 AM, AdirondackFund (< 20) wrote:


I suppose some might view this as admission of guilt on the part of Goldman Sachs.  But, maybe that's just me.  I would write my Congressman, but fortunately for me, they follow me around anyway.  I do give them a lot of blank stares in return, as if to say 'you're kidding, right'?

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#3) On July 07, 2009 at 8:22 AM, portefeuille (98.93) wrote:

also see this post by tmfsinchiruna.

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#4) On July 07, 2009 at 8:40 AM, ati2ud (39.28) wrote:


it just seems like they can pretty much do anything, know they can do anything, and are not even trying to hide it now.  Something is very wrong with what is happening.

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#5) On July 07, 2009 at 9:35 AM, SolarisKing (< 20) wrote:

Sometimes i think OJ Simpson was the end. That's when money in america quit hiding their disdain for fair.

It used to take a conspiracy, not all you have to do is hand a million dollars cash in a briefcase to a celebrity lawyer during a photo op.


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#6) On July 07, 2009 at 9:45 AM, outoffocus (23.81) wrote:

When I read the headline on Bloomberg I started to hear the world's tiniest violin play in the background.  Maybe I should get that checked out.

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#7) On July 07, 2009 at 12:48 PM, jakebet (< 20) wrote:

thanks for the John Entwistle reference!

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#8) On July 07, 2009 at 1:01 PM, AdirondackFund (< 20) wrote:


Well, somebody needs a whistle don't you think?  Perhaps a POLICE MAN???

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#9) On July 08, 2009 at 12:47 AM, AdirondackFund (< 20) wrote:


You know it's funny but the idea that people might think this hasn't existed since the Program Trading Collapse of '87 is farcical.  Big Blue has been in the market for a long time.

Humans do have an advantage in that we feel the emotion whereas the computer is waiting for the next print all of the time.   It is kind of slow.  Look at the last top, it looks like a gear with teeth.  That's not altogether a human looking market to me.   

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