Zorost (@Zorost)

In case anyone thinks stock market corruption is a recent thing or only about hedge funds: "U.S. central bankers not only regularly leak secret information about monetary policy, but the leaks are so predictably timed that a savvy investor without access to the leaked information could make money just by buying stocks in certain weeks. That is the bottom line from new research by University of California Berkeley professor Annette Vissing-Jorgensen and colleagues, presented on Saturday at a conference attended by central bankers from around the world." https://www.forbes.com/sites/timworstall/2015/11/22/the-federal-reserve-leaks-price-sensitive-information-enabling-stock-market-profits/?sh=6ab1abd43c0d "European Central Bank-published study found suspicious trading ahead of seven regular U.S. economic releases, saying information leaks probably helped traders make more than $160 million in profits in two markets over six years." https://www.bloomberg.com/news/articles/2016-05-02/ecb-paper-finds-suspicious-trading-in-u-s-economic-indicators "Government agencies routinely allow pre-release access to information to accredited news agencies under embargo agreements. Using high-frequency data, we find evidence consistent with informed trading during embargoes of Federal Open Market Committee (FOMC) scheduled announcements. The E-mini Standard & Poor’s 500 futures’ abnormal order imbalances are in the direction of subsequent policy surprises and contain information that predicts the market reaction to the policy announcements. The estimated informed trades’ profits are arguably large." https://www.sciencedirect.com/science/article/abs/pii/S0304405X16300812 Strangely, the search terms "economics paper, market reacts before federal reserve announcement" for 1995-2017 pops up most of the above articles on the front page of duckduckgo, but nothing on google... The above is from about 30m of research, I'm sure there is plenty more out there. #robinhood #DavidnGoliath #wsb #gme #gamestonk #GameStop #EatTheRich #WallStreet