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I wholeheartedly predict that Baidu will go to $10,000 a share whereupon the Chinese government's day-trading department will declare bankruptcy.
Posted by: badgerofdoom | March 28, 2010 at 05:01 PM
Rosenberg, like many others says ( it's about 70%) almost all trading is 5 PROP DESKS AT 5 PRIMARY DEALERS! Using ZIRP, they are trading between THEMSELVES! Their own corrupt gambling table, complements of the Fed and taxpayers.
http://www.zerohedge.com/article/are-pig-farmers-doing-all-trading-top-five-prop-desks-are-buying-and-selling-securities-leve
Posted by: gordon | March 29, 2010 at 04:16 PM