What is happening in the stock market?
Hundreds of millions have been lost in the stock market by small investors since programme trading, algo and high computers were attached to the system of the stock market. This development means that the big funds are able to take full advantage of technology by plugging their computers into a system that they were once forbidden to do so, and trade against small investors, and cleaning them up.
Nobody is crying foul, or nobody dares to, or nobody wants to. So everyone pretends like there is nothing wrong, just like the toxic notes and Lehman bond crisis. The money lost in the stock market is many multiples of the previous scam and the number of victims were much more numerous.
One day it is going to explode and as usual, everyone will pretend to be ignorant of it. Everyone will say I dunno. Is there anything wrong with the stock market trading system? Is there a level playing field? Are there any violations to the rules and regulations of stock trading?
I swear to god that there is nothing wrong. I think the system is perfect, and volume is increasing and the stock exchange is making a lot more money than before. Those losers just got to blame themselves. I am sure the SGX and MAS know exactly what they are doing and everything is just fine. We can trust the super talents to do their homework as they are paid very well to do their jobs.
Some people have been complaining to me that something is really foul with the system. I disagree completely. But if they do feel strongly that something is wrong they need to prove it. Or they may want to take advantage of the presidential election and bring their grouses to the presidential hopefuls. These are honourable men who have pledged to safeguard the nation’s reserves with integrity. And if the small investors think that are caught in a scam, and brought to their attention, they will definitely take up their case to protect the small investors. They are men of honour and their positions with regards to the banning of MP Chen Show Mao in Aljunied are testimonies to their principles for fair play and justice.
Bring the problems to them and let them raise the issues with the proper authority. For me, I don’t see anything wrong so I would not know what to say. The SRS, SIAS, the broking houses, too are interested parties and they too did not see anything wrong and are not complaining.
Those people who complain about unfair practices, uneven playing field, unfair advantages, may not have a case, I think. If they think they cannot beat the system, don’t get it. It is caveat emptor.