Ponzi World (Over 3 Billion NOT Served)

The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.

Tuesday, September 23, 2014

Wall Street's Biggest Pump and Dump

Wall Street: +$9 billion profit.

ETraders: -$1.7 billion loss(so far)

Wall Street made a $9 billion profit to hold Alibaba stock for 3 days (pre-IPO)

Insiders: $Priceless:

High times: Alibaba founder Jack Ma celebrates the company's gangbuster IPO at the New York Stock Exchange on Friday.

The IPO priced at $68/share for Wall Street firms that were (over) allocated shares prior to the opening.

The stock opened at $99 on Friday and closed at $94 (below).

The Volume Weighted Average Price (VWAP) at the end of the day (blue line below) was $93.

Wall Street made 93-68 * 367 million shares = $9 billion (not including underwriting fees). Friday's volume was 272 million so we can safely assume that most of the Wall Street allocation was flipped on the first day.

Currently the stock is ~$86.8 which is $6 below Friday's average price, so based upon the 272 million shares turned over on Friday, Etraders are down $1.7 billion so far...