Timing the market: You may think you're right, but you don't know

  • Article by: ROSS LEVIN , Special to the Star Tribune
  • Updated: June 23, 2012 - 3:13 PM
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vlombardyJul. 3, 12 9:22 AM

The only people who "know the market" are the 5 banks that ARE the market. Derivatives trading comprises the majority of market trades, and 96% of such trades are done by 5 banks--Goldman Sachs, JP Morgan, Citibank, Bank of America, and HSBC. So the question is: what constitutes insider trading when it is the insiders that do all the trades?

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