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No major commentary needed... Ironically support now at yesterday's VWAP...for now - wait for the breach. Thank god for liquidity providing algos.
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I have heard that the Dow gave an E-wave
sell signal this morning. Maybee today
is gona be the big reversal day I have been
waiting for.
Algos letting shorts pull their cheese out of the fire - good luck with that!
The only wave I see is GS waving bye bye as they leave another week with their illegally gained trading profits obtained from huddles, HFT, flash trading and front running.
Dark Pools and Flash Orders take liquidity from the central marketplace are supposed to be forbidden.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
http://news.cnet.com/8301-13578_3-10320096-38.html
saw it earlier mayhem.....kind of freaky. i always say George Orwell was only off on his timing
no, he wasn't.
their biggest fear isn't "cybersecurity" or terrorism. it's social cataclysm. we're closer to that than we've been in a while. they're ready and waiting for it. for them, it's no big deal. it'll be a slaughter. think waco.
The problem with your thesis is that among the people they've been cornholing are the rank and file cops and soldiers.
My internet went out yesterday after I made a joke in a chat room about the dollar not needing to pretend it's worth something after the treasury auction. Post Hoc, but now I read this, I'm not so sure...
duh duh duhhhhhhh....
Their fear is that when the revolution starts they don't want it broadcast like town hall meetings to help spread the revolt.
Thank you for this information.
This is beyond scary.
That is beyond f*ck up... reminds me of some of the shit Bush pulled in the name of preventing "terrorism" only about a million times worse...
Jay Rockefeller's work, WHAT a SURPRISE!
Buy and close is simpler and less obvious.
"What Rockefeller is infinitely more afraid of than any kind of terror attack against this country is the capability of the internet to spread the truth about what is going on in the world."
Ha - looks like some of the gambling addicts that have stormed that particular roulette table the last couple days in order to "let it ride on Black" just had their balls end up Red.
But fear not, once the current take-money-from-the-greater-fool orchestrated stop-loss-cascade is over, the casino insiders will probably commence the next shorts squeeze and run it up to 100. Lather, rinse, and repeat.
aig this a.m. at 55.90 was a superb buy
A break in the S&P500 below 1014
would spark a huge sell-off.
AIG buying frenzy is the best example
how much dumb money is chasing the
market right now.
The guy that bought at $55.90--http://www.youtube.com/watch?v=ueuauKKjPZI
No, this is definitely Bernanke,
next year, when we see the real
impact of the FED's policy.
Reckless gambling by daytraders or not it doesn't matter.
Just like in March 2000.
It WILL end with people losing their shirt again...
In other news
Good news for Dell, good news for Intel.
All aboard ? Sure ? ok. Intel +1cent since the open, Dell -44 cent.
*Doh*
The Zero Hedge bias is starting impact the quality of these posts. I would wager that along with Pimcos "investment" to zerohedge Themis is also throwing in a few bucks...or some other entities who lose money to the HFT community.
Tyler" "Thank god for liquidity providing algos. "
Are you serious? The market pulls back to the middle of yesterdays range and you start firing off comments like that? What is this, CNBC?
alas we can not comment as we are in a quiet period while we fianlize our LBO by a prominent investment bank consortium.
Tyler - at what time frame is trading legit? 1 second? 5 seconds? You clearly think HFT is a worthless dangerous game....so draw the line where you stand. Do we ban all day trading of any kind? how does a one second lag help - the fastest still get in first. How about the lag between NYC and San Fran even if orders are taken only once per minute?
Dark Pools and Flash Orders take liquidity from the central marketplace, which is supposed to be forbidden - agreed. But, your endless bashing of all HFT as a blanket statement is either written for dramatic flair or a bit careless.
The only thing that HFT help are a handful of companies that steal money from investors.
HFT is bullshit. It's not a 'one second lag' -- the trade is placed as ACTIVE for a minimum of one second -- or whatever minimum time is required for a human (not computer) response.. Read what Denninger wrote about this.
"
I can think of three relatively-minor changes that would leave those who are using HFT legitimately unharmed but would destroy most of the ability to cheat. These are:
http://market-ticker.denninger.net/archives/1259-High-Frequency-Trading-Is-A-Scam.html
http://market-ticker.denninger.net/archives/1262-High-Frequency-Trading-My-View.html
Mayhem, I love that. Minimize the duration of any and all orders to 1 or 2 seconds. Further, kill any type of order that is not equally available to all via a central marketplace (flash, dark pool). Tyler/Mayhem - if thats what your after its tough to argue against and I would agree.
JDUN - remember that most mutual funds you may be invested in are collecting fees regardless of anything (even if they lost 50% last year)....and that is as big a scam as HFT. The mutual fund fees are way way higher than the amount of money HFT makes as a whole though. If you are hand selecting stocks and executing yourself, the difference to your bottom line over your life is likely less than a cheeseburger
http://www.youtube.com/watch?v=VSdxqIBfEAw
the guys on the ship could be AIG buyers...
TYLER: Someone on your staff may want to contact Bob Pretcher, or his colleague, Steve Hochberg at EWI (800-336-1618 or, outside the U.S. at ++770-536-0309). Bob apparently has increased his short exposure to the market up at these levels today. Compelling arguments. Good luck.
The Treasury market is now sucking all the oxygen out of the room.
Better get used to it, because it's gonna get worser and worser. All the "excess liquidity" is there for the benefit of Treasuries, not stocks.
I'll partially agree with that, if Treasuries flop, they are fucked, but a similar situation exists for equities, although they wouldn't be fucked as badly.
And next time, try to make HFT2 not suck so much.... they lost over $1K (once you factor in the comissions and fees) on each round trip!
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
“Expert” on CNBC calls AIG "reckless speculation." Not sure the liquidity robots understand what reckless is, but the liquidity their adding smells a bit like kerosene.
How can it be reckless when it's been pre-programmed for 0 risk? I don't think that CNBC understands what algo trading is yet.
I sat down on the toliet, got up to wipe my ass and saw the tickers of AIG, BPOP, IRE, and a multitude of high beta stocks floating like turds in the toliet. Yes, I am shocked.