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Dark Pools And Karl Denninger
No direct correlation between the two, but a couple of good videos to start off your morning: Denninger on Kudlow - ever wondered what a bear in a Pamplona stampede looks like, here is your chance - this proves again why the Brady Bunch talking head box format is the most useless medium to convey any sort of informative message (but works miracles for those Mercedes commercial CPMs). And also a much more informative piece on Dark Pools and the NYSE's SLP program (and, surprise, Goldman).
hat tip Stock Hustler
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WHERE are the coordinated protests at the GOLDMAN SACHS headquarters???
They have had hundreds of serious charges leveled at them over the last 6 months, and not a single investigation has been launched by our corrupt congress!!
It is time for the people to SPEAK.
same place the coordinated protests were for the iraq war.
Very nice to see Denninger getting some air time! He is one of the only people telling the truth right now. Listening to him has saved me SO much money, I cannot tell you!
Sell out. This will pimp a capital management firm soon run by Denninger, to say nothing of appearance money he will soon start to get. 2%/yr and 25% of profits for cap man firms, advertised without cost on cnbc. Every hedgie in Greenwich will be jealous of him.
Please remove your head from your ass. You are not getting any oxygen up there and it is killing off your brain cells.
Good luck.
Ya, I don't have a feel for cap man money. Wait. Watch. He'll make himself a celebrity and then market ticker will start "helpfully pointing" to the firm's website, which will teach you how to send money to them (him). Never underestimate the power to corrupt of simply being on
TV. But I can understand your doubts. Clearly there has never been a CNBC personality who started a hedge fund. Blowing it up is not the point. That was the crash. The point is leveraging exposure into raised money.
Karl is already well on his way to becoming a politician. There is already a whole section of his website outlining his ambitions.
yeh and if he is still heavily in cash when and if there is a currency crash, can't say i will be torn up about it....
politician. heck he listens to rush limbaugh. he knows a lot because of this doesn't he? :)
in the end it will be metal heads 1, denniger 0
game set match. ha ha
and the trading dude? oh he will be still trying to give away that crappy boat he is always bragging about........
Comon Woody, you just can't stand the fact you lost in a rational debate. Karl is merely trying to educate people to what is going on in the financial world, just like ZH.
Get a grip bud and a shave.
joann, please point us to the thread where I lost this debate you are speaking of. The fact of the matter is that you can't, because your Budding Dictator deleted it.
Which begs the question...Why would one delete a thread on which he had supposedly won a debate?
never underestimate the perversity of human nature. foregt where I read this but (I'm paraphrasing) "the failings of capitalism, socialism, and communism can each be traced to their failure to account for the perversity of human nature."
all that said, this gentleman's video at least points out the possible mechanism for GS's denial of free markets. he just isn't telling us his angle.
The fact that Goldman is looting billions from the Treasury and US Taxpayers is beyond an OUTRAGE!
Millions are losing their jobs and homes while paying for the bonuses of the GOLDMAN CRIMINALS..
And our government does NOTHING?????
WE LOVE YOU KARL!! Keeping fighting the good fight against these shameless media shills!
WE HATE YOU KARL!! Keeping looking like you were freshly squeezed out of your mother's anus this morning!
I am Chumbawamba.
Jesus, get some self respect.
Oh, shut up, Karl, ya douche.
I am Chumbawamba.
some of us here at zerohedge look upon this man from sunny niceville with a bit of coolness. sorry. goes with the territory.
Guess so, it kind of reminds me of elitetrader in a way.
Yeah they dog piled him, but Karl held his own just fine.
Seriously- Where are the Goldman protests?? In Europe, there would be riots in the streets of every city over theft like this. Amazing that there is so much anger over this, and virturally nothing being done.
Why have a protest when we can apply more vaseline in the anal region and get ready for more action ? Vaseline is cheap, protests require expending energy and moving one's ass.
Things got worse quicker in Europe, so the reaction comes quicker.
Once things get harder over here, you'll see some action. People need to feel the pinch in their beer, weed and $1 double cheesburger budgets before they get onry.
That is thing I admire about Karl. He keeps his eye on the fundamentals and on the math. They dont lie! This market is 100% manipulated right now, and the only people making money are insiders and crooks. For those of you not reading his daily blog, you are missing out! (google market ticker Denninger)
Agreed.
For the Google impaired
http://tickerforum.org/cgi-ticker/akcs-www?forum=Ticker
I voted for Obama, because I really believed he would challenge the Wall Street criminals that have our country in a strangle-hold. As it turns out, they bought him off to. Wall Street is running our country right now. Where is the outrage people?
It doesn't matter whom you vote for. They all get up there for $$ not to bring change that is beneficial to Main Street. Democrat or Republican, it does not matter. Wall Street will buy them out. See this documentary shot in the 1990s calle The Money Masters, pretty interesting: Money Masters
http://video.google.com/videoplay?docid=-515319560256183936
without meaning to be offensive this is
precisely the reason we have the problems we
have and change will not occur until voters
remove ALL incumbents and find alternative
candidates to the one party depublican traitors.
again, without intending to be
insulting, anyone who thought obama would
change his underwear let alone policy was an
absolute moron something i said over and over
leading up to the election. he is a rockefeller
whore. and with a populace gullible enough to
believe the obama lie (including the hoax
about his us citizenship) how do you get
discerning votes? you don't - it's impossible.
why are people stupid? because they believe
words rather than observe actions.....obama
blathered endlessly about "change" and yet
nothing he offered was a change except for an
acceleration in speed toward totalitarianism.....
the fact that he booted from his
campaign plane reporters from papers
which endorsed his opponent was an important
indicator
that he has a hitlerian mind. his press
conferences are stuffed with jeff gannon clones
and scripted like a movie.....
sorry folks - traditional politics will get you
the same results which you have gotten since
1913 when your forbears sold you to wall street
crooks....fdr was a totalitarian surrounded by
totlitarians....lbj sent men to die for absolutely
nothing except the bush crime syndicate's
war industry just as eisenhower warned us....
the bushs sent american men to die for their
business relationships with saddam hussein and
osama bin laden....it was all a show and a farce
except for those who had to die and suffer from
agent orange, psychological damge, bullets
- and all for nothing except the bushs' oil
wars....and obama
is continuing and intensifying that policy.....
our leaders are generally murderers...but the
people do not want differently....
how can a nation vote for decent leaders when
they still believe that ignorant crap from the
warren report or the stupid bullshit from the 911
report??? the people are STUPID.....us
intelligence destroyed the wtc in controlled
demolitions using military grade nanothermite
from skandia labs.
outrage happens when people vote differently
and express themselves to their evil elected
representatives....the cia controlled press will
not do it. you do it yourselves....
"why are people stupid? because they believe words rather than observe actions"
If only everyone followed this creed, their eyes would be opened to the TRUTH.
Nanothermite! Military grade, even! And there I was, thinking the Islamic militants that hijacked the fuel-laden passenger jets . . . oh, nevermind.
Skandia labs? Skandia, the furniture manufacturer? Well, perhaps their design lab techs are very paranoic when the time comes to destroy their prototypes in order to evade discovery by competitors. Or . . . perhaps you're thinking of Sandia Labs. Perhaps. Get your frustrated rants straight next time.
yeh and let us not forget. karl denniger voted for obama. oh yeh he did. ask him. what does this prove about what this man knows about what is going on in this country? someone said, he may run for office. if that happens, what will it mean? what will it mean really? anything of importance? i think not. he will fall in line, because that is all he knows, and, because he thinks there is still a rule of law in this country and because rush limbaugh told him so. one thing for sure about denniger. he thinks he knows it all and he is the all knowing, all seeing maha denniger. go ahead. ask him if you doubt me, or better yet, get on his blog and politely as him any salient questions that may, God forbid, make him think that his hard headed ignorant and narrow political focus needs adjusting. oh my, we can't have that can we? after a barrage of 4 letter worded insults directed at your person for daring to question the all knowing one, he will summarily dump you off of his blog with a permanent ban. i, myself while never joining his blog , over the last two years or so, have seen many a man, get the old heave ho from over there, for merely asking a question about some of his viewpoints.
I can attest to the old heave ho...While not banned outright, he deleted a thread on which I had taken him to task.
He states clearly that it is forbidden to discuss hyper-inflation. That's right, there are certain topics that he will not allow to be discussed, or he will delete and ban.
And that is why I call him Our Budding Dictator...
Not *exactly* true. You can discuss it in the monetary policy subforum, but you are not allowed to discuss it anywhere else.
Give it up dude, your whine fest is really boring for the rest of us.
iraq was not about oil. it was about blowing up a country and then handing out no-bid contracts to your buddies' companies to "rebuild" the country we blew up. war profiteering, plain and simple.
now, afghanistan? that was about oil. an overland pipeline from the caspian sea to turkey to be specific to be able to get oil without going through the persian gulf.
Where do you think Barry (obama) got all his campaign contributions?
McCain was getting $50 checks from old rich ladies while Obama was getting $100,000 from Wall Street firms. The imbalance in campaign contributions should have clued everyone in as to where the ball would bounce.
Nice job Karl, and thanks for the video ZH. Keep up the good work.
Goldman Sachs, the new green. Protest? I'm in.
Good lord!
At least Denninger has his head on straight (and his hair on sideways).
Pollock's video is interesting, the unintended consequences of 'tech progress' has been hard on 'Investor XXX'; poor execution.
He also suggests liquidity flows from China;
http://www.youtube.com/watch?v=FFUc6SQwxd0&feature=channel
Karl's last comment was the perfect punch:
"Computers are trading the market now".
Thanks ZH for posting this and the dark pools vid. I look forward to the rest of the series.
Well atleast Karl gets first row seats at laughing at the media, funny, Karl should come out someday busting his shirt open and have his Superman costume on.
In fact, I have a vision that this whole thing is truly a play and Tyler and the gang will come out on stage and take a bow and we'll all find out who the players were. We'll all be giving them call back standing ovations.
Can sombody help me out a little bit? Are trades matched within the pool and then sent to the exchange, or do the trades sit in the pool until a desired price is found on the exchange? Thank you.
they're sitting there for the clients that don't want the trades to be filled publicly.
I often get fills 0,0001 better than NBBO and the exchange it was executed: automated trading desk (of the broker)
The sour grimace on Karl's face is caused by the hedge fund managers that are throwing a 24/7 party inside his ass.
If it isn't apparent to you, Karl Denninger is the doppelganger of Dennis Kneale. Karl is the Republican to Dennis' Democrat. In other words, they are two strings of the same tampon arguing over the same douchey system that one thinks can be fixed while the other doesn't care as long as his CNBC-supplied meth doesn't run out.
Karl has the same rant, that he posts 3-5 times a day, and it goes like this: THERE'S EXACTLY TOO MUCH DEBT. MAD PROPS TO ZERO HEDGE! LIKE I SAID EXACTLY SIX MONTHS AGO: "THERE'S EXACTLY TOO MUCH DEBT IN THE SYSTEM". I AM AMAZINGLY INSIGHTFUL. DENNIS KNEALE IS EXACTLY A POOPY HEAD. I SHOULD BE ON TV INSTEAD OF HIM. EXACTLY TOTAL MAD PROPS TO ZERO HEDGE!!
I think I got the appropriate number of "exactlys" in there.
I am Chumbawamba.
Bubby, I got my money out of mutual funds and went all cash on 9/19 of last year in large part because of Karl. What have you done for me, lately?
Yeah, and fifty other guys I follow would've told you the same thing. Karl does not have a monopoly on basic math skills.
Okay, so take the next step (which Karl is exactly too dense to suggest) and put it into gold and silver. Now.
You can thank me on the flipside.
I am exactly Chumbawamba.
Likely a good trade short term, I agree. I sold at 15 ish SLV. But I'm a deflationista for annother year or so, silver might be a better buy then. Thanks for the post with content.
Good thing you sold your SLV, especially since it's paper, and != silver. Deflation has nothing to do with it. We are not in deflation, unless you are talking about price deflation, in which case you need to be more specific.
Silver and gold will shine when hyperinflation hits. Hyperinflation is a crisis of confidence, and has nothing to do with the price of goods, but more to do with currency. Watch for hyperinflation when the US announces its insolvency with a big fat Treasury auction failure later this year, in a couple months time at most.
I am Chumbawamba.
Deflation as here, too much debt that will be defaulted. http://www.debtdeflation.com/blogs/2009/01/31/therovingcavaliersofcredit/ My view of the dollar is similar to the forecast here, one more spike. http://www.nowandfutures.com/forecast.html I'm watching those auctions, for sure...
Chumbawamba: It's clear you hate Karl Deninger because he is a deflationist and you are a hyperinflationist. You might as well make that single point, and then shut up. And...when you write that we are not in deflation, you are provably incorrect. We certainly are still in deflation currently. Where we go next--inflation, hyperinflation, or deflation--is a matter where reasonable minds can and do differ.
I agree, the broken system cannot be fixed. It is in bad shape. No one will attempt (dare) to fix it because there isn't one single point of failure. If you begin to fix one, you have to fix a dozen more rudimentary issues and neither the people nor the executive/legislative branches have the will and patience to see anything through. In a sinking boat, you just patch the leaks with chewing gum and paddle harder. One fine day, the boat will develop a cascade of stress cracks and whooop go down.
No, you are an ass clown.
Exactly...
***funny, the message I tried to reply to is not the message this comment became attached to***
OMG, if I hear the "cash on the sidelines" argument one more time I'm going to shoot someone. These people obviously have no concept of how a secondary market works.
The other point about "cash on the sidelines" discourse is that they do not consider permanent demand destruction. I'm in cash, and will stay in cash until such time that I feel like buying metals or real estate. I'm done with the capital markets until they become open, fair and transparent.
man oh mighty, 'cash on the sidelines' is the biggest misnomer (sp?)..TYLER OR MARLA, please educate the masses....the stk mkt is a SECONDARY market, cash on the sidelines is meaningless!!!!!!!!!!!!!!!
what I don't get about karl:
so the market is dominated by computers right now. so why exactly do you short the s&p? and why today?
Moving to cash is the new shorting technique. The HFTs will die down if they there is no real liquidity. They will try to provide their fake liquidity and canibalize each other and starve if there isn't much real cash in the system.
karl went havily short on Fri so lets see what he does this coming week when market goes up over 950
I don't get his rational for that either. short term trade even he thinks the market doesn't represent any real valuation today, plus from a technical point of view it doesn't make very much sense either. a roll-over was just resisted by some bad (but better than expected) earnings.
other people of his viewpoint, like marc faber, who is also concentrating on the debt issue, are bullish on the short term.
we'll see. I'm neutral.
There is a fairly significant quantifiable edge to being short here.
One model I follow suggests that we maybe looking at an intermediate term (1 month or more) top.
I like where Karl got short. That is a good trade. However, I am scared of his smug-beam laser. I'd hate to walk around with a can of smug shoved up my butt.
Yes, I was short to 666, then Frank "came out" with that getting rid of mark to market, And C claimed they made a profit on the same day and implanted a green bar up mine. I don't hold overnight anymore with that shit going on.
And yes, I was a pig, and I got slaughtered. ha.
That's the problem with all the little factoids--he may just be making a one day trade between Friday and Sunday night, but the TV viewer is left with the idea that he went short and he is going to stay short--
come on karl, you know how cn bullshit feels about the fundamentals.
I like Karl, and often agree with him, but geez, he has GOT to get a better hair piece. I find it hard to concentrate on his message when I'm waiting for his toupe to slip...
Awesome Job Karl!
Pointless going on CNBC from a debate viewpoint. At least KD can now say "I told you so" though on national media not just his blog
Here is Karl's clear, concise, wrap up. I trust Karl's analysis. For the elitetrader clique kids on here, (not everyone obv) you need to pay attention when your betters speak instead of making fart noises with your face. http://market-ticker.org/archives/1232-CNBC-The-Followup.html
Let me guess...this "clear, concise, wrap up" is better than 10 minutes long?
LMAO..it is 19 minutes long!!!
Politicians sure do love to hear themselves speak, I guess.
Kudlow is an incredible embarrassment, and if Mr. Smead were managing my money that would cease promptly on Monday morning. Karl needed to be more "forceful" with his arguments as he was often left out of the discussion. It's also very hard to get a convincing argument across in 2 minutes or less. These folks on CNBC are an abomination to financial anything much less journalism, and it sickens me that people aren't making more noise about how disgraceful they have been.
All this hand-wringing based on comparisons to the last year is
no help to me. In our new de-leveraged environment – whether
that's due to less lending or financial debt sucking the air out of
the room or both – we only have 2 quarters of data at best. And,
it's far from obvious the de-leveraging has more than begun. But
it does seems to me the question is the same: Who can make
money and grow?