This part, will have a small blurb about the GME fiasco events using the Litigation case and various SEC Press releases, including this report, to discuss some of the clown foolery of market abuse. Here are the previous pieces in this series;Dark Pools I: A Primer to DarknessDark Pools II: Do they Exist? A TLDR… Read More Dark Pools VII: Markets are abused by Dark Pools via Internalization and PFOF
A user had a short position opened against their consent and without their notice in a cash account with IBKR (Interactive Brokers) Upon discussion with a representative, the IBKR rep said that this is true and that it was due to ‘corporate action’. Basically admitting to the illegal action or infraction. Here is the chat… Read More IBKR illegally messes with cash account
So I got distracted by other things and titles and other shit. So here’s the rundown of all I have written in this series discussing the intricacies of ‘Dark Pools’. This is a bit of a summary, so that way we can continue where my conspiracy yarn has left me. Maybe we can engage in… Read More Dark Pools VIS: Intermission
*Sigh* I am -guhhhhurghh- yet again, going to talk shit about the US Capital markets. . . Again. Today’s menu includes a discussion on making Synthetic ETFs through contracts and another discussion on operational shorting. I will then perform the Chef’s kiss of adorning things with tidbits of knowledge and facts, to conclude with the… Read More A lesson in Awfulness; Synthetic ETFs vs. Operational Shorting (and ETF Arbitrage)
So ETFs are Exchange Traded Funds and are usually upsold to people as a ‘basket of stocks’. It’s essentially a weighted, sometimes robot algo driven, investment portfolio that you can invest in. Think of it like an Stock Index that you can actually buy into. Now that you know what ETFs are, I’m going to… Read More ETFs are scams
So the SEC just approved SINGLE STOCK ETFs for shorting with leverage. Which is a retarded way to say that you can short a stock indefinitely for diminishing returns. Sure this is tailored for ‘certain investors’ or some shit, per the SEC, Yea, ho-kay SEC. Time to stop sipping the dumb-fuck juice. Like the point… Read More The SEC is allowing Weaponized inverse single stock ETFs and it’s as you’d think, dumb
So, the GameStop saga is brilliant and it’s still going on. Today, we’re going to poke fun at the markets (again), because one user pointed out something ridiculously bonkers with a specific ETF that holds GME. That ETF is XRT (SPDR S&P Retail ETF – NYSEARCA). I also have previous commentary in this tangentially related… Read More XRT, ETF Tom Foolery in the Capital Markets
People -and Corporations- waive the notion of Market Cap Size to see whose bigger as if it’s not some sort of speculatory charade for gambling degenerates in a dick measuring contest. Many people and futures gamble base on this speculatory number that range from honest Millions to Billions or even Trillions dollars pinned to that… Read More The Fallacy of Market Capitalization; Market Caps are a Scam
This is a slightly modified excerpt from Fishy Corporate Proxy Advisors that elaborates and expounds on ESG ratings. ESG is a rating that measures companies and evaluates them based on Environmental, Social, and (Corporate) Governance impacts. Which is purely speculative and subjective. ESG ratings also play a role into data analytics and Proxy Advisors recommendations… Read More ESG is a scam
Alright, So I talked about how the institution, system, and framework of Corporate Proxy voting is an entire scam. I’m now going to dive into one of the avenues for ballot harvesting or buying votes. You see, if you buy a share, you (in theory), get a vote. So the amount of money you spend… Read More Fishy Corporate Proxy Advisors