Stock Market is Irrational and Full of Manipulation, Stock Traders Blog

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I hold an MBA degree, master of business administration with concentration in finance. However I lost 70% of my investment value about $70,000 over the course of 11 years. I dare not to put up my picture on the blog for fear I am going to be tag as the biggest loser. Nevertheless I learned from the pass and changed my investment strategy. I changed my whole mindset of investment and started over with what I have left...

Stock Market is Irrational and Full of Manipulation

Posted on 19 May 2009 by BloggingTrader Tags: Stock Trading Ideas

I posted on yahoo Well Fargo Stock board that the more I thought about the banks upgrading the more I felt it was a skim for the banks to upgrading each other so that they all can make money underwriting billions of new banking shares. There are still more to come after WFC and USB so they have to pump the market to finish their job. Once they are done they may manipulate the market downward. The recent bank rally and upgrade just show how easy the stock market can be manipulated. The government tries to manipulate it. Investment banks try to manipulate it. Big investors try to manipulate it.

Reply has it that event if what I say is true what chance do I have trying to fight the tide. I think no matter how irrational the market is it can not derail too far from reality isn’t it? I know I was wrong on taking a huge short position just two weeks ago. Now I am really tamped to fight the tide again. I really shouldn’t take more short position to make the same mistake again.

I think I should just wait and see how my current short position turns out to be at the end of this week.

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