Are Stock Markets biggest ponzis?

[talknet]

Quote from makloda:

You fail to mention he also suffers 3% - 5% slippage on the way out, making the entire "moving the markets my way" exercise a zero sum game minus commissions.

This "big investor" is unknown to me and I had only seen the "trading activity". I have posted "estimated profit % earned" and not "profit % change". It may be less than 2%.

Even 1% guaranteed profit everyday from "single big investment" is not justified because the "big investor" is moving the stock markets alone.

 

[talknet]

Quote from talknet:

BREAKING NEWS-: Biggest Scam In Indian Corporate History

Chairman 'Raju' of 'Satyam Computers' 4th largest Indian software company and listed on NYSE, has resigned from the board. In his letter to the board, Raju admitted that the IT major's balance sheet has inflated cash and bank balance of $1.04 Billion.

Accrued interest of $78 million in books is non-existent. $256 million was arranged to Satyam, but was not reflected in the books."

Raju, unsuccessfully tried to sell two companies to Satyam last month in a final attempt to plug 50.4 billion rupees ($1.04 billion) of “fictitious assets” on the company’s balance sheet, Hyderabad-based Satyam said in a statement today. Profits from the main business have been inflated “over a period of last several years.

http://www.bloomberg.com/apps/news?pid=20601080&sid=a37YOX1irBus&refer=asia

Price Waterhouse Coopers(PWC) are the Auditors for "Satyam Computers". But PWC were not able to detect the sophisticated & well-engineered fraud from "Satyam Computers".

Price Waterhouse Coopers are among the most reputed & biggest Financial Auditors in the world.

Satyam computers is a classic example for "Ponzi at stock markets" because investors were made to believe of "inflated profits" which attracted new investors at Stock markets.

There is high possibility there are thousands of "Satyam Computers" listed on worldwide stock markets.