Stock Market Cover-Up By CFTC and SEC On May 6 2010 Flash Crash

Pin It (CLICK HERE FOR FULL REPORT) The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) finally released their long over-due report on the “Flash Crash” of May 6th 2010. The CFTC and SEC don’t disclose the identity of the mutual fund, or “large fundamental seller,” as they refer to it. We all want to know who was responsible: the evil Goldman Sachs, the sneaky JP Morgan, or ex-favorite Vanguard, that smug bastard Fidelity– who ever, we just want to know was using the automatic computer trading program that put in the initial four billion dollar sell order that started a cascading effect among robot computer software programs.Disclaimer: This Web site is designed to provide accurate and authoritative information on the subject of personal finances. It is provided with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services by providing this Web site. The authors and publisher shall not be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential or other damages. As each individual situation is unique, questions relevant to personal finances and specific to the individual should be addressed to an appropriate professional to ensure that the situation has been carefully and appropriately evaluated. This blog is for information and entertainment purposes only. I

12 Comments For This Post

  1. scorpion11376 Says:

    Right on Brother!!! KEEP preachin it! You are 100% right on the money….. or should I say out of it; thanks to the SEC.

  2. SGDeGalvez Says:

    yeah sec. you poopy doo-doo heads. i hope you pee-pee doo-doo your poo-poo hands. and boogers

  3. plify777 Says:

    The solution is simple. Boycott US markets.

  4. StockTradingMaster Says:

    @TrunkMonkey3000 LOL… right on man. It was the “plunge protection” insurance they bought from Goldman Sachs 😉

  5. StockTradingMaster Says:

    @Decebal825 Yeah right. I prefer Plutocracy.

  6. Decebal825 Says:

    it’s called an Oligarchy

  7. TrunkMonkey3000 Says:

    Nice video I added it to my favorites! Rock on, Stock on, stand up & fight !

    It was the mythical “plunge protection team” that brought it back up lolol.

  8. MrMoodang Says:

    Read between the lines. It’s the rich bleeding the poor dry.

  9. watersings Says:

    small traders are sheeps waiting to be slaughter.

  10. rpur441044 Says:

    Thank You…good video and true.PGN was the last one of recent to play games from 44.50 to 4.57 in a millisecond. has the flash crash in depth right hand side of their front page.I got the 3 shells and card table,who has the peanut.

  11. StockTradingMaster Says:

    @whippoorwillss No but it appears to be buying. So the end result was a hunting party organized across institutions to trigger the stop loss on millions of traders accounts, and then to hurry up and buy up those stocks at a cheaper price after their sell orders were processed which resulted in the rapid spike down and then spike back up.

  12. whippoorwillss Says:

    Did it mention what brought it back up?

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