• Phoenix Capital...
    10/01/2014 - 11:24
    We have the very makings of a Crash. If stocks breakdown from this line and cannot reclaim it, we could easily wipe out all of the gains going back to 2013.

Google

Tyler Durden's picture

Frontrunning: October 1





  • European Bond Yields Go Negative (WSJ)
  • Traveler from Liberia is first Ebola patient diagnosed in U.S. (Reuters)
  • Hong Kong Protesters Step up Pressure on Leung to Quit (BBG)
  • JPMorgan to face U.S. class action in $10 billion MBS case (Reuters)
  • Turkey mulls military action against Islamic State (Reuters)
  • Singapore Home Prices Fall for Fourth Straight Quarter on Curbs (BBG)
  • Italy's Economic Woes Highlight Dilemma for European Central Bank (WSJ)
  • Advanced iOS virus targeting Hong Kong protestors (Reuters)
  • Fed Scrutiny of Leveraged Loans Grows Along With Bubble Concern (BBG)
  •  Mosquito Virus That Walloped Caribbean Spreads in U.S. (BBG)
 
Tyler Durden's picture

Caught On Tape: HFT Algo Manipulating GOOGL 1000 Times Per Second





It is very common to find examples of stock quotes changing rapidly - hundreds and sometimes thousands of times per second in a single stock. At the extreme, we've seen in excess of 25,000 quote changes in a single stock in one second of time or less. Sometimes a simple pattern evolves from the quote price changes, such as in the case of a certain High Frequency Trading (HFT) algorithm that we've recently seen run every day in Google stock. The algo starts with an order to buy 100 shares, then replaces a millisecond (ms) later with an order to buy a penny higher.. and repeats hundreds of times. "So what? HFT needs to be able to cancel quotes fast so they can tighten spreads, add liquidity and lower costs." The problem is that when HFT cancels a quote after just 1 ms, then anyone located more than 93 miles (150 km) away will see a stale quote. Worse, they won't know it's stale unless and until they try to act on it and wait for a response.

 
Tyler Durden's picture

Frontrunning: September 30





  • Hong Kong protesters stockpile supplies, fear fresh police advance (Reuters)
  • Protesters stay out on Hong Kong streets, defying Beijing (Reuters)
  • Traders Turn Up Grilling Sausages at Hong Kong Protests (BBG)
  • Ukraine Army Sees Worst Day Since Truce as Battles Flare (BBG)
  • Islamic State uses grain to tighten grip in Iraq (Reuters)
  • For Putin Ally, U.S. Sanctions Only Add to Anti-Russia Conspiracy Theory (WSJ)
  • Coinbase Leads Move to Bring Bitcoin to Masses (BBG) - good luck
  • Austria Cracks Down on Spies -- and Jihadis (BBG)
  • EU Believes Apple, Fiat Tax Deals Broke Rules (WSJ); Apple’s Irish Tax Deal ‘Engineered’ to Boost Employment, EU Says (BBG)
 
Tim Knight from Slope of Hope's picture

Clinkle is the New Color





Which brings us to Clinkle, which is a firm founded by a 22 year old with no business successes behind him (which at least Color.com's founder could claim, as he sold his firm to Apple for a fortune). Clinkle initially received $25 million (fun fact: the same amount used to fund Google, which went on to bigger successes than building a single app) and has been ostensibly hard at work on this thing for years. 

 
Tyler Durden's picture

FBI Blasts Apple, Google Phone Encryption: It "Allows People To Be Beyond The Law""





The kings men also viewed their power as necessary as Comey does today. They could simply enter someone’s home and search all your papers. If you wrote anything derogatory against the king, off you went to prison. This is what inspired the American Revolution and the Fourth Amendment that there had to be a reason to search not just arbitrary desire to want to know and lets see what we can find as the NSA and FBI do today. This is the very essence of LIBERTY. You cannot pretend to be the leader of the free world with people like Comey in government.

 
Tyler Durden's picture

This Riot Is Not In Ferguson, It Is In Hong Kong





No, this is not Ferguson: it is, according to many, the world's most capitalist city, Hong Kong, where over the past few hours, around 50,000 students are said to have massed on late Saturday, demanding more democracy, as tensions grew over Beijing's decision to rule out free elections in the former British colony.

 
Reggie Middleton's picture

Two Major Product Launches In A Row. That Middleton Contrarian Apple Call Thing Just Might Have Some Validity To It!





I did it in 2012 when eveyone ridiculed (to be read as lost money opposing) the call. It happened again in 2014 - Two major product releases in a row! Sooner or later those damn "Muppets" will catch on, no?

 
Capitalist Exploits's picture

3 Reasons Apple Should Run





When last did your government deliver to you something that amazed you?

 
Tyler Durden's picture

Frontrunning: September 24





  • A Month of Bombs Dropped in One Night of Strikes on Syria (BBG)
  • Air strikes in Syria hit Islamic State-held areas near Turkey (Reuters)
  • Pimco ETF Draws Probe by SEC (WSJ)
  • Shadowy al Qaeda cell, hit by U.S. in Syria, seen as 'imminent' threat (Reuters)
  • Yellen Warns on Market Calm Before ‘Considerable Time’ Up (BBG)
  • Dudley Says Fed Needs U.S. Economy to Run ‘A Little Hot' (BBG)
  • Websites Are Wary of Facebook Tracking Software (WSJ)
  • Just a joke now: Barclays Fined Twice in One Day for Compliance Failures (BBG)
  • Fired UPS worker kills two supervisors, self, in Alabama shooting (Reuters)
 
Tyler Durden's picture

Frontrunning: September 23





  • U.S., backed by Arabs, launches first strikes on fighters in Syria (Reuters, BBG)
  • But not all all back: Turkey Bars Kurds From Entering Syria to Fight Islamic State (BBG)
  • Dollar Weakens on Airstrikes; Europe Stocks Drop (BBG)
  • Ready for Rate Riot? Emerging Markets Set to Follow Fed (BBG)
  • White House fence jumper had ammunition, machete in car, prosecutors say (WaPo)
  • El-Erian "would have done things differently" (Reuters)
  • Eurozone business growth slows in September, PMI survey finds (BBC)
  • Shrinking Bond Desks Taken by Journeymen as Masters Fade (BBG)
  • Manufacturing Rebound Relieves Growth Concerns in China (BBG)
  • Former Trader Quits Playboy Club to Open Own Restaurant (BBG)
 
Tyler Durden's picture

Ukraine Introduces Capital Controls





  • FX payments on imports also prohibited if customs registration of goods takes more than 180 days
  • Foreign investors forbidden to receive investment return from selling Ukraine securities beyond stock exchange, except govt bonds
  • Foreign investors forbidden to receive dividend return on Ukrainian shares not traded in stock exchanges
  • Central bank also forbids FX transactions using individual FX licenses, except placing money by cos. on accounts in foreign banks
 
Tyler Durden's picture

Frontrunning: September 22





  • Quid pro quo Clarice: Iran seeks give and take on Islamic State militants, nuclear program (Reuters)
  • Alibaba’s Banks Said to Boost IPO Size to Record $25 Billion (BBG)
  • European Stocks Fall Amid China Concern as Tesco Slides (BBG)
  • Tesco Suspends Executives, Probes Error That Triggers New Profit Warning (WSJ)
  • Kurds say they have halted Islamic State advance on Syrian town (Reuters)
  • Because luck and managing money is genetic: Financial Elite's Offspring Start Their Own Hedge Funds (WSJ)
  • Islamic State Onslaught Spurs Mass Exodus of Syrian Kurds (BBG)
  • Rockefellers, Heirs to an Oil Fortune, Will Divest Charity From Fossil Fuels (NYT)
 
Tyler Durden's picture

Presenting The Two-Tier Market: Mapping Europe's Microwave Tower Network





The image below is a screen capture of the Google Earth map file which will be released officially tomorrow on his blog, with public documents linking each tower to its owner. The creator of the map thinks that it "should make some noise," although considering the vast financial resources and power over politicians the HFT lobby has, we wouldn't be surprised if, quite quickly, this latest story is promptly disappeared. After all, the last thing retail investors need to be reminder of every day, is that there is a rigged market for frontrunning, predator HFTs, and then a market for everyone else, i.e., the prey.

 
Tyler Durden's picture

Frontrunning: September 19





  • Scots spurn independence in historic vote but demand new powers (Reuters)
  • Salmond’s Journey as Scotland’s Leader Ends Short of Destination (BBG)
  • European Stocks Rally to 6 1/2-Year High on Scottish Vote (BBG)
  • Jack Ma Planning Personal Roadshow With Clinton to Immelt (BBG)
  • Some consumers say Apple is losing its 'cool' factor (Reuters)
  • Gold IPhones at $3,600 as China Delay Fuels Black Market (BBG)
  • This Man's Job: Make Bill Gates Richer (WSJ)
  • Mom-and-Dad Banks Step Up Aid to First-Time Home Buyers (BBG)
  • France says it launches first air strikes in Iraq (Reuters)
 
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