BATS

BATS

SEC Said To Decide On Bitcoin ETF By Friday

The SEC has a March 11th internal deadline, Coindesk reported, to decide on the proposed rule change that would clear the way for the ETF, which would be the first of its kind. However, as the 11th falls on a Saturday, that decision will come before that date, "potentially before Friday",

The Second Dumbest Kind Of Money Is Pouring Into Stocks - "With A Vengeance"

One of the traditional signs of market tops is individual investors finally succumbing to the lure of apparently easy money and pouring their savings into the stock market. In the past this dumb money flowed into equity mutual funds in general. But today it’s favoring exchange traded funds (ETFs)...

"Everyone Is Going Insane..." - Lost In The Political Wilderness

"Every day, millions of people are being pressured to “pick a side” by media, pundits, politicians - even close friends and family. Critical thinking that doesn’t fit into one of the two polarized camps of pro-Trump or anti-Trump are being dismissed or degraded... the U.S. citizenry is being afflicted by a sort of mass insanity at the moment. There are no good outcomes if this continues. "

Why A Bitcoin ETF May Not Be Coming Any Time Soon

When it comes to the future of bitcoin, the "holy grail" has emerged as becoming the first to have a bitcoin ETF approved by the SEC. Unfortunately for the bitcoin faithful, one may not be coming any time soon.

And The Market Breaks (Again)

For the second time today, the most liquid, transparent, efficient stock market in the world... has broken.

Frontrunning: October 28

  • European Stocks Fall on Earnings as Bond Rout Eases; Metals Rise (BBG)
  • Wall Street’s Frantic Push to Hire Coders (BBG)
  • In Germany, Syrians find mosques too conservative (Reuters)
  • Oregon militants acquitted of conspiracy in wildlife refuge seizure (Reuters)
  • Some Cities Want Their Immigrants to Vote (BBG)
  • Americans Are Dying Faster. Millennials, Too (BBG)

"Virtue Signaling"... Or Why Clinton Is In Trouble

Can fear of Trump motivate? Sure it can. But if Brexit taught us anything, it’s the limitations of a fear-based campaign, at least when the fear-mongers are the same smarter-than-thou elites who tsk-tsk their deep and abiding concern for the benighted masses from Davos or Jackson Hole. Status quo candidates don’t win on fear alone.

Inside France's "The Jungle" Migrant Camp

... the government's "irresponsible" plan to relocate migrants in Calais to other parts of France... would "proliferate a multitude of small Calais, genuine areas of lawlessness that exacerbate lasting tensions throughout the country."

France's "Great Wall Of Calais"

Building work has begun on a wall in the northern French city of Calais, a major transport hub on the edge of the English Channel, to prevent migrants from stowing away on cars, trucks, ferries and trains bound for Britain. Dubbed "The Great Wall of Calais," the concrete barrier — one kilometer (half a mile) long and four meters (13 feet) high on both sides of the two-lane highway approaching the harbor — will pass within a few hundred meters of a sprawling shanty town known as "The Jungle."

Global Central Bank-Driven Stock Rally Fizzles; Crude Rebounds On Saudi Oil Production Cut Report

Until minutes ago, this week's rebound in global equities appeared to be running out of steam as oil retreated from a two-week high and a dollar slide ended.  However, as noted just around 6am, Reuters reported, citing as it usually does various "anonymous sources", that in a radical departure from its long-held policy of not cutting production, Saudi Arabia was prepared to cut production on condition that Iran freezes output, which led to an instant spike in crude.