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$598 Billion Wellington Management Busted
Not just hedge funds any more. Insider trading probe moves to mutual funds.
And yes, hedge and mutual funds are perfectly happy to pay $1,000/hour for information that is completely public and totally accessible to everyone...
Top 25 holdings: Exxon, Pfizer, Wells, Merck and, tada, Apple.
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In an unrelated story, Waddell and Reed in a plea bargain... /sarc
Waddell & Reed fired the first shot in the Yellow Sea
Actually South Korea fired first!
http://www.youtube.com/watch?v=O33sfN00oDk&feature=player_embedded
actual footage of the shooting :)
http://www.youtube.com/watch?v=ZBvmm6WuUcA
And, as you listen to that story, it becomes clear that this will fade into another grumbling by North and South and nothing more.
Equity markets are figuring this out as the 12:45 rise is beginning to gather a bit of steam now.
There's the Japanese islands claimed by Russia
There's the Japanese islands claimed by China
And now Kim Jung Il wants some of that action
Convenient association. I don't think we have seen the lows for the day; probably around 230pm though.
Because nothing is more important in life than equities! All hail Chief Bernank! All hail the mighty POMO!
Why do they need to put at the end of the story in the first few reports that before the military exercises were undertaken, the North warned that the islands long in dispute shouldn't be directly demonstrated as security-enhanced by the South?
Well that's just the tip of the iceberg then. Everybody uses these guys.
Why are we typing in here...
Tyler, we need to start a second blog with "exclusive" stories for a grand an hour. God we'd need to spin that shit hard.
Should be enough for a green close
Turn in equities started almost exactly this time yesterday from the lows. Looks like we have a repeat on our hands.
Why would you change the algos in your Compaq 100 today?
I started to follow your advice and bought every "risk OFF!!! RUN" -150ish point dip last week and this week.
So far I am well ahead on this simple trade -- and I have no idea why people junk you, they should just do this simple trade over and over and profit.
Don't get me wrong -- I still thing this is crazy -- but I am not gonna fight the windmills like most of the crowd here.
Please send Harry a check for advisory fees.
$1000/hr
The junk is because "playing the game" means you are part of the problem.
I consider tilting at windmills and fighting the fed my civic duty.
Until you're broke.
Then what?
Saying things like green without reason is enough for me. Even worse is when indicators are brought up. Economic growth? Get a grip. Also, you think there will be a green close when all Blythe, Jamie, and extra vertically the Bernank want gold/silver/platinum low today? Unless you get 150 point move to the upside for the Dau in the last half an hour of trading, which would only happen if gold moved to $1400, would you be correct. Any upside move will happen late in the day. If you were the market makers what would you do? Keep equities and gold where they are, or let both appreciate extraordinarily? Gold can not have too much more monie move into it before it begins leaps of $100 per day. Once this happens even POMO equitie perma bulls will jump on the gold gravy train, and it will happen soon. In the meantime Blythe and the Bernank will try to keep a lid on it.
Harry now timing the 'snap back rallies'? LOL, I cant wait for the day the plunges stick, perhaps even today.
Are you serious? He always tries to do this.
The 1 PM POMO push
Bot some YHOO >16.04 for fun today
Targeting 27
What if AAPL bought it?
http://stockcharts.com/charts/gallery.html?s=yhoo
Crude appears to be lifting this time vs tech yesterday. Although,,,Oil's bid just might not have anything to do with the "risk trade", aha!
We demand campaign donations.
Can someone just pull the plug so that we can get this over with? I have been ready for over a year. Let's just get on with it, I am ready for all my friends to say, "We thought you were crazy, now we know you were early. By the way, can you spare some food?"
They also could have been invested in Angolan debt for a real killing
The central bank of Angola cut its overnight rate 394bps to 18.00% from 21.94% following the appointment of a new bank governor
and arn't most of these guys net short equities ?
Wouldn't this qualify as a green shoot?
Clearly people are investing with Wellstone, so that must be a sign of economic recovery!
This is good for +400 DOW points
Manage a short portfolio? Use HFT? The SEC is coming... Duh duh Duh duh (Theme from Jaws).
lol.
If SEC run out of man sized tissues you might see movement.
Why is this happening at this time? Whats the big picture?
Direct orders from Bejing.
Sounds like God's work to me.
C'mon! Someone just whisper Citadel... or, State Street. lol
Yes, Citadel is on the list.
http://www.thirdage.com/news/insider-trading-suspected-feds-raid-hedge-fund-offices_11-23-2010
No mention of SSgA. Be very surprised if they were involved, actually. Virtually all of their money is in passive replication.
I'm not talking about the etf platform Greater. They are the institutions banker...
Anyone believe that these folks (hedgies) are sitting on a powder keg of NAKED SHORTED EEQUITIES (from Large to the MicroPenny Small) ?????
I feel the markets would actually rally a great deal if they had to cover all of that Naked Short Exposure.
I certainly would like to hear your thoughts.
Cheers
Hedgies are WAY long leveraged beta... the only thing they've been short is the dollar broseph.
Those with LARGE 'foreign' interests in shorting this market are going to be perp walked. If u r large and trying to upset the apple cart you will loose most if not all of your investment capital.
If u r ! large and long u r deadman walking.
Not if you are talking about the perpetual naked short selling against VIX futures. In that case, this market would be in flames for weeks.
Ouch. That's gonna leave a mark.
There is a very serious possibility we have a BANK RUN December 7th. Please watch and share this video with the people you care about (http://youtu.be/U0KGv3Xw0KY). Thank you.
Anonymous-
This is really scary guys, people are already talking about it and it has spread from France to the UK and now coming to the United States.
Nobody said that "two 747s" hit the WTC on 9/11.
A lot of possibilities have been brought to fore, but not this one.
why do I get the feeling that you are posting similar things under different names on multiple sites? "This is really scary guys,".... just seems so odd. What's your agenda?
why do I get the feeling that you are posting similar things under different names on multiple sites? "This is really scary guys,".... just seems so odd. What's your agenda?
This is starting to look like the late day mutual fund trade timimg scandal from the early 2000s. A lot of storm and fury signifing the SEC's failure to focus on the real problems then and now.
GM quietly down to 33.50 right now. Well within the 5 day window.
Stoc. indicator says it is a screaming buy here.
What do we win if we called 33.
Can't wait to see they're taking on HTF firms. Let's see those flash crashes now.
And not a foreign stock in sight....all in on the USA...madness
"...hedge and mutual funds are perfectly happy to pay $1,000/hour for information that is completely public and totally accessible to everyone..." - why should this be surprising? They pay a lot more than $1000/hour for escorts, when others get "it" for free (or almsot for free)
Direct costs v. including all the overhead and maintenance.
I think Nicholson said something about paying for them to leave.
What happens when an SEC officer shuts down a few HFT computers at the same time? "Plug pull crash." PPC.
Bloomberg's a Genius. Why was it that he spent close to $100mil on his last campaign again?
If only I had insider information on the companies in the Wellington Management portfolio ...
You need to become a friend of Rush.
It is ALL FAKE. They are all broke dick liars.
CNBC has now shifted programing full on in defense of bankers being pestered by FBI agents.
Amazing! Who would have guessed?
Who? The Ministry of Truth? Na.
;)
The Euro Zone faces its demise...and on CNBC we are treated to a 15 minute segment called "Loving Velma: the tragedy of ONE laid off Federal employee."
Great! Death of a network. The tragedy here is that Comcast will have zero value left with the NBC acquisition by time they close it. Going to have to think about shorting them next.
The network was always dead.
What was once known as state-run media is now corporate-run media. Connect all the control dots......money, media and politicians.....check, check and check.
http://www.marketwatch.com/story/widespread-servicer-control-breakdowns-official-2010-11-23
No...really? Not just a touch late here or anything.
Another ministry of truth....Market Watch. Should be renamed Shill-O-Rama Watch. Shocking to see them dragged to the truth finally.
Wu Tang Financial is next.
There must be an example to be made of, damnit!
Seriously, why aren't they kicking down Lloyd Blankfiend's door?
i worked in buy side sales for 4 years...many hedgies and MFs i dealt with were forgoing a lot of boutique research and moving a lot of their soft dollars to GLG or other "industry experts"
i thought this practice was sort of common knowledge. why buy sell side research when you can send 10k worth of trades to a firm who's got an analyst who's good friend's with a doctor running a big lab trial
Re: the Korean peninsula and who fired first...
I never for the life of me thought that in my search for the truth, I would be getting a portion of my news from the land of Pravda and Izvestia (RT.com). I now can't even imagine a world without internet access to grass roots investigative journalism where the "news" would otherwise come from CNBC, FOX, the Washington Post and the New York Times! The corporate has become irrelavent!
OMG, is there systematic insider trading going on? Doh!
Say it ain't so!
Don't worry Kolivakis, we knew your bets were already covered by POMO, so we didn't want to steal your innocence.