The lack of insider sector buying is now in its eight week. What do they know that you don’t? Perhaps Tesla and Elon Musk can shed some light to the market fairy tales that, when coupled with Central Bank money injection, propel these fiat markets higher.

As a holiday gift, Brussels is settling with UBS, Royal Bank of Scotland, JP Morgan Chase, Citigroup, Barclays, HSBC and two other banks to close and settle a probe in forex (foreign currency) manipulation. By choosing to settle, fines are reduced by 10% and, perhaps more importantly, they “avoid a detailed statement of case facts that can provide ammunition for claimants seeking damages.”

But wait, twenty of the biggest Wall Street banks have more than forty-eight class action lawsuits against them for rigging the $13 Trillion US Treasury market! Who will prevail? These suits were filed by unions, state and municipal pension funds and allege that JP Morgan, Citigroup, Barclays and Goldman Sachs, to mention a few, profited at their clients’ expense! I wonder how much more underfunded these plans are due to THIS manipulation.

Keep in mind that the most important thing for the ultimate insiders, Central Banks, is to keep markets calm and moving up. So in the largest money injection in almost a year, China’s central bank injected a whopping $47 Billion into the financial system.

Mission accomplished.

Slides and Links:

1. http://www.wsj.com/mdc/public/page/2_3023-insider.html
2. http://stockcharts.com/h-sc/ui?s=TSLA

https://www.google.com/search?q=tesla+insider+trading+nasdaq&rlz=1C1GGRV_enUS753US754&oq=tesla&aqs=chrome.0.69i59j69i57j69i60l2j35i39j0.6323j0j7&sourceid=chrome&ie=UTF-8

https://www.reuters.com/article/us-tesla-offering/tesla-to-raise-about-1-15-billion-in-stock-notes-musk-to-buy-shares-idUSKBN16M30U

3. https://www.cnbc.com/2017/08/23/tesla-leading-unusual-august-rush-to-issue-junk-bonds-before-fed-ends-the-party.html

https://www.bloomberg.com/news/articles/2017-08-02/tesla-burns-through-record-cash-as-musk-brings-model-3-to-market

http://stockcharts.com/h-sc/ui

https://seekingalpha.com/article/4122890-tesla-approaches-terminal-decline

http://www.nasdaq.com/symbol/tsla/institutional-holdings

4. https://www.ft.com/content/860f43c4-cacc-11e7-ab18-7a9fb7d6163e?emailId=5a11cda0cda2e50004a469ad&segmentId=3d08be62-315f-7330-5bbd-af33dc531acb
5. http://www.cohenmilstein.com/update/%E2%80%9Cbig-banks-face-wider-treasury-auction-fixing-suit%E2%80%9D-law360

https://nypost.com/2017/11/16/wall-st-bankers-secretly-used-chat-rooms-to-rig-treasury-bond-trades-suit/

6. https://www.ft.com/content/42f352aa-cab4-11e7-ab18-7a9fb7d6163e

http://stockcharts.com/h-sc/ui

https://tradingeconomics.com/china/government-bond-yield

7. https://www.wsj.com/articles/developed-economies-stock-gains-pale-next-to-emerging-markets-boom-1511104382
8. https://www.ft.com/content/cb177256-cd1b-11e7-9dbb-291a884dd8c6?segmentId=778a3b31-0eac-c57a-a529-d296f5da8125