Well my p/l makes me feel warm all over...loser. Let's face it. You're one of the stupidest fucks on ET-that's saying a lot.
Any well capped entity can "manipulate" prices higher. Why doesn't it happen more frequently? Because whatever you buy on the way up needs to be sold on the way down. If Goldman so wants they can buy 2,000,000 ES futures and rip SPX 150 higher into the close. Then what? Unless they catch a bunch of specs short who now also need to buy 2,000,000 futures the price of stocks will come right off as every long in the world attempts to sell into the bid.
This is the same bullshit argument idiots once made against real estate flippers. "Woe is me, homes are expensive because speculators are sucking up the supply." Earth to Mars: In a bull market the offer trades out. When bullish fundamentals are no longer in place the inventory of speculators is no longer marketable on upticks. Hence in an auction market longs start hitting bids. Relentlessly. In futures we often say "single prints on the way up are single prints on the way down." For every flipper who made money there's now five in foreclosure. Some manipulation.
There's little evidence that commodity "manipulation" was futures market specific, energy specific, time specific or that it resulted in gross windfall profitability for anyone other than OPEC members who hit bids in deferreds or maybe a John Arnold or two. Ask Boone Pickens what his losses look like. If Morgan Stanley was making so many zillions manipulating crude then why did their share price break 75% simultaneously with the rise in oil prices?
