RE: Phoney markets !Remember, the market cap is based upon the marginal seller/buyer of the last lot sold. It has absolutely zero bearing on the intrinsic value of the assets of the company being traded.
Daily trading amongst flippers is just noise. You know how the paper price of gold/silver is absolutely fake? Well you can't put too much stock (no pun intended) in the current trading prices of the issuers.
The daily trading price only has merit if you happen to be the marginal buyer or seller of lots offered for sale today. Just like paper gold is traded amongst derivative traders but if you want to buy real physical gold/silver you will pay a different price.
It has been said many a time, all markets are manipulated to some degree. Welcome to our reality.
If you want real markets, we need real money (no fiat), coupled with no short-selling or naked short-selling and no fake paper derivatives markets. We're a ways off from that utopia, but it could happen some day.