They aren't bothering to hide anymore

I'm starting to get the feeling that the "powers that be" are just letting it all hang out now. Full throttle ahead, no fig-leaves needed. There is a lot of stuff they used to be discreet about that they are just not bothering to hide anymore.

For example, they aren't even pretending that the markets are fair anymore. Somebody else in another thread posted about this "Special weekend trading session":

money.cnn.com...

There has never been trading on the weekend before, especially not labor day. They are basically letting the "big dawgs" unload their positions and leave the poor scrubs to be the bagholders on Tuesday. Even five years ago such blatant abuse of the system would be unthinkable.

And that's just one example... basically "they" are just not bothering to hide anymore because they figure that people are too stupid, sedated, powerless, and apathetic to do anything about it. Sadly, they are right.


[edit on 2-9-2008 by silent thunder]

Well, that is odd that there was trading on a Sunday; can't ever recall that happening.

It's almost 1pm here and the market does not appear to be too bad. I guess you must mean the oil stocks are falling. Chevron has alread lost $2.16 a share and Exxon $1.70 per share; Valero not as much.

So far it appears to be a good day; financials are up which is good. However, the 3rd quarter appears to be a bad one for financials. Do you have a list from the special trading session from Sunday on which stocks where traded the most. Yahoo's article here: biz.yahoo.com... talks about how this period is going to be:

BANGALORE (Reuters) - Wachovia Capital Markets said the third quarter will be a "quarter to forget" for Wall Street investment banks and slashed its estimates for Goldman Sachs (NYSE:GS - News), Lehman Brothers (NYSE:LEH - News) and Morgan Stanley (NYSE:MS - News).

Obviously stocks trading on a weekend or holiday is a red flag; but we need to know what was traded to determine how severe things for the market could be.

On the plus side, at least the article said the Dollar is getting stronger.