Welcome To The Bear Facts Specialist Report Informational Website

Specialist System Documentation Files:

The information files listed below are best described by the Preface written by Richard Ney in his book The Wall Street Jungle. Mr. Ney wrote:

"Most of us enter the investment business arena for the same sanity destroying reasons a women becomes a prostitute: it avoids the menace of hard work, is a group activity that requires little in the way of intellect, and is a practical means of making money for those with no special talent for anything else.

With money one achieves status and power of a kind no other means can reach, which in itself would not be unworthy if the methods used to obtain it merited our respect. They don't. It should not surprise us, therefore, that these methods are less than explicit; or that the interests of the Stock Exchanges are solely in their billion-dollar speculations, without regard to their social obligations or the needs of a legitimate Auction Market.

There is a difference between what is legal and what is legitimate. Once understood, this distinction illuminates an environment in which larceny hides its nakedness in the taggery of law and order, custom to routine. We find it in the no man's land of rules and regulations that sanction Stock Exchange members' manhandling of credit and of stock prices on behalf of their own speculations. Short selling, big block fees, special brokerage incentives, and the Specialists' investment and trading accounts, are only a few of the methods used to keep the members of the financial establishment, "established", at the expense of the individual investor.

Much that is painful in our society is due to the public's belief in the incantations of the Exchange's chief organs of opinion. Indeed, hidden behind a facade of pompous jargon and noble affectations, there is more sheer larceny per square foot on the floor of the New York Stock Exchange than any place else in the world. It is sustained by the exclusive allegiance of its high priests to a tradition that wars against reason and that has become so powerful that anyone setting himself against it on behalf of a higher loyalty soon finds he has set himself against a power that is identical to that of government itself."

The information gathered below is from the Congressional Commission Report issued in 1963 and other sources. A great deal of this information was gathered and correlated by Richard Ney. These files will document how the Specialist System works and how to correlate your movements to match those of the Specialist so that you can prosper in the Market place as he does. All files are written in Adobe Reader Format. After you have viewed or downloaded a file from the list below simply go back to the "Menu Bar" to select another page.

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