Monday, September 17, 2012
Local Trader Proud that Free Markets are Rigged: Tales From Normal, Mn.: FICTION
Luigi, a local stock jockey from Normal, Mn. just sent me a text ---he says that he is proud that our financial markets are finally rigged and secure after the federal reserve has intervened to destroy anyone who is bearish----He calls it the "Bernanke Spread"---It's an unlimited call paired with an unlimited put, and the only one that gets screwed is...well..the customer...and that sounds pretty good to wall street. Stay tuned as I follow this story.