Goldman Sachs says nobody is trading, inactive trading environment is "abnormal".

jem said:
It all goes back to this.
In the 90s the SEC was pushing for integrated markets. As the market got more fair trading, became super popular. Everybody was a trader and some us even became full time traders. It was the conversation on the golf course and while drinking with friends. Then some of the established trading firms got smoked by internet stocks and they stepped away. The Nyse started to monkey around with its rules. (and then got bought out)

Since that time wall street spent the next decade buying off the sec and politicians and buying up exchanges and fracturing the markets so they could create structural edges.
As the market got fractured and the market itself less fair, the public stepped away.

It will be interesting to see how this resolves. Unfortunately I do not see any public figures saying we need to integrate the market to make it fair for investors.
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+1 for all above
 
Bob111 said:
+1 for all above
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The problem is, once a thief is discovered, they aren't lynched promptly, instead they are given more air time to lie and obfuscate. The hft scum have been getting away with it for years.
 
So its confirmed those 2 million volume intraday is fake volume.. this market is fake rigged. for the mutual funds and hedge funds to collect their 3% management fees..your a fool if you believe the management fee is 1.15%...if you add the kickbacks these ETF and fund managers get from companies and brokers, it's a lot more than that .


Grandluxe said:
Goldman’s Cohn Says Inactive Trading Environment Is Abnormal
By Michael J. Moore May 28, 2014 11:20 AM GMT-0400

Goldman Sachs Group Inc. (GS) President Gary Cohn said low volatility and interest rates that are holding in tight ranges have resulted in an “abnormal” trading market.

“The environment for all the firms is quite difficult right now,” Cohn, 53, said today at an investor conference in New York. “What drives activity in our business is volatility. If markets never move or don’t move, our clients really don’t need to transact.”

Citigroup Inc. Chief Financial Officer John Gerspach, 60, said yesterday that second-quarter trading revenue could fall as much as 25 percent from year-earlier levels, and JPMorgan Chase & Co. estimated a 20 percent drop earlier this month.

Low interest rates and the Federal Reserve’s program of quantitative easing have resulted in reduced volatility, Cohn said.

Goldman Sachs has responded to years of declining fixed-income trading revenue by cutting jobs and capital in the business, Cohn said, “We’re not just waiting for things to get better.

http://www.bloomberg.com/news/2014-...nactive-trading-environment-is-abnormal-.html

More job cuts on the trading desks...Oh well. What are you doing for summer?
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Before HFT and artificial intelligence in the markets. daytraders had an advantage and bids were filled. not bids don't get filled instead your ofer is frontrunned by 1 penny someone said 97% of volume is daytrading and arbitrage or hedge funds closing long and short positions but no real position in the market.


elitetrader11 said:
So its confirmed those 2 million volume intraday is fake volume.. this market is fake rigged. for the mutual funds and hedge funds to collect their 3% management fees..your a fool if you believe the management fee is 1.15%...if you add the kickbacks these ETF and fund managers get from companies and brokers, it's a lot more than that .
More...
 
Proof: the CEO of the biggest broker confirms wall street is one big fraud operation. and illusion.

100 million traded in one day and he says nobody is trading.

all bullshit phantom volume ,the market is not real and is fake.

more like nobody is selling.


Grandluxe said:
Goldman’s Cohn Says Inactive Trading Environment Is Abnormal
By Michael J. Moore May 28, 2014 11:20 AM GMT-0400

Goldman Sachs Group Inc. (GS) President Gary Cohn said low volatility and interest rates that are holding in tight ranges have resulted in an “abnormal” trading market.

“The environment for all the firms is quite difficult right now,” Cohn, 53, said today at an investor conference in New York. “What drives activity in our business is volatility. If markets never move or don’t move, our clients really don’t need to transact.”

Citigroup Inc. Chief Financial Officer John Gerspach, 60, said yesterday that second-quarter trading revenue could fall as much as 25 percent from year-earlier levels, and JPMorgan Chase & Co. estimated a 20 percent drop earlier this month.

Low interest rates and the Federal Reserve’s program of quantitative easing have resulted in reduced volatility, Cohn said.

Goldman Sachs has responded to years of declining fixed-income trading revenue by cutting jobs and capital in the business, Cohn said, “We’re not just waiting for things to get better.

http://www.bloomberg.com/news/2014-...nactive-trading-environment-is-abnormal-.html

More job cuts on the trading desks...Oh well. What are you doing for summer?
More...
 
they inhaling the marijauana and getting high on their stocks...inhale and hold the pot smoke. nobody is selling.


Grandluxe said:
Goldman’s Cohn Says Inactive Trading Environment Is Abnormal
By Michael J. Moore May 28, 2014 11:20 AM GMT-0400

Goldman Sachs Group Inc. (GS) President Gary Cohn said low volatility and interest rates that are holding in tight ranges have resulted in an “abnormal” trading market.

“The environment for all the firms is quite difficult right now,” Cohn, 53, said today at an investor conference in New York. “What drives activity in our business is volatility. If markets never move or don’t move, our clients really don’t need to transact.”

Citigroup Inc. Chief Financial Officer John Gerspach, 60, said yesterday that second-quarter trading revenue could fall as much as 25 percent from year-earlier levels, and JPMorgan Chase & Co. estimated a 20 percent drop earlier this month.

Low interest rates and the Federal Reserve’s program of quantitative easing have resulted in reduced volatility, Cohn said.

Goldman Sachs has responded to years of declining fixed-income trading revenue by cutting jobs and capital in the business, Cohn said, “We’re not just waiting for things to get better.

http://www.bloomberg.com/news/2014-...nactive-trading-environment-is-abnormal-.html

More job cuts on the trading desks...Oh well. What are you doing for summer?
More...
 
nobody selling and nobody buying==== DOJI


Grandluxe said:
Goldman’s Cohn Says Inactive Trading Environment Is Abnormal
By Michael J. Moore May 28, 2014 11:20 AM GMT-0400

Goldman Sachs Group Inc. (GS) President Gary Cohn said low volatility and interest rates that are holding in tight ranges have resulted in an “abnormal” trading market.

“The environment for all the firms is quite difficult right now,” Cohn, 53, said today at an investor conference in New York. “What drives activity in our business is volatility. If markets never move or don’t move, our clients really don’t need to transact.”

Citigroup Inc. Chief Financial Officer John Gerspach, 60, said yesterday that second-quarter trading revenue could fall as much as 25 percent from year-earlier levels, and JPMorgan Chase & Co. estimated a 20 percent drop earlier this month.

Low interest rates and the Federal Reserve’s program of quantitative easing have resulted in reduced volatility, Cohn said.

Goldman Sachs has responded to years of declining fixed-income trading revenue by cutting jobs and capital in the business, Cohn said, “We’re not just waiting for things to get better.

http://www.bloomberg.com/news/2014-...nactive-trading-environment-is-abnormal-.html

More job cuts on the trading desks...Oh well. What are you doing for summer?
More...
 
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