#OCCUPYWALLSTREET

     I don't know if you all have been following the Occupy Wall Street protests recently but the occupation is really gaining momentum.  I have been watching it from the beginning when I first heard about it in the middle of August.  Here was my first post about it here.

     To be honest, I thought that this occupation promoted by online hactivist collective Anonymous and Adbusters had a real chance to create some havoc and I was worried about the effect on the stock market and my investments.  I kept close tabs on the protest on the first day of the occupation on September 17th, watching the livestream all day long.  Then the market opened on Monday and there was no media coverage of the event and I thought the occupation would just peter out.

     It seemed that way when the thousands of people who initially occupied the park dwindled to hundreds, but then something crazy happened.  After an incident with the police where some protestors got pepper sprayed, the movement finally got some media coverage and the protests really gained some traction.

Anonymous Occupies Wall Street

I have posted a livestream of the event on this page.

Background on this occupation.

Anonymous and Adbusters are at Wall Street planning to stay a long time and they hope to gather more people.

There are thousands of people there.

There is a media blackout of the event so as not to encourage more people to attend.

There is free kool aid at the bull tomorrow.

Anonymous plans occupation of Wall Street

September 17th could be an interesting day on Wall Street.  Members of hacktivist collective Anonymous along with Culture Jammers and Adbusters under the umbrella group S17 plan an occupation of Wall Street to last months or more.  The group asks supporters to do only one thing and that is to "bring tent".

"Simultaneous occupations of financial districts are now being planned in New York City, Madrid, Milan, London, Paris and San Francisco. With a bit of luck, this list of participating cities will grow," said Anonymous in an internet posting.

"If we can pull together just the right mix of nonviolence, tenacity and strategic smarts, S17 could be the beginning of the global revolution we've all been dreaming about for so long ... wouldn't that be lovely."

The group plans to occupy Wall Street for a lengthy period of time in a non violent demonstration against the corporatist policies of the government to the detriment of the people.

"The abuse of corporations, banks and governments ends here," it proclaims.

It remains to be seen what effect this demonstration will have on stock prices although it could hardly be bullish for stocks.  I will be keeping an eye on this as further developments arise.

Here is Anonymous' youtube video promoting the demonstration.