Spy 1: You can ask about ETF. . . . E-T-F. E, exchange.
Spy 2: Yes, got it.
Spy 1: How they are used, the mechanisms of use for destabilization of the markets.
Spy 2: Aha.
Spy 1: Then you can ask them what they think about limiting the use of trading robots. . . .
Federal prosecutors in New York charged three men in an alleged Russian spy ring centered in Manhattan and the Bronx, according to a Jan. 23 complaint unsealed today by the office of Manhattan U.S. Attorney Preet Bharara. According to CNN's Shimon Prokupecz, Evgeny Buryakov, working with Igor Sporyshev and Victor Podobnyy, was trying to recruit NYC residents as intelligence sources for the Russian Federation.
If Americans were honest with themselves they would acknowledge that the Republic is no more. We now live in a police state. If we do not recognize and resist this development, freedom and prosperity for all Americans will continue to deteriorate. All liberties in America today are under siege. Reality is now setting in for America and for that matter for most of the world. We should not be discouraged. Enlightenment is not nearly as difficult to achieve as it was before the breakthrough with Internet communications occurred. I smell progress.
Governments from Around the World ADMIT They Do It
While headline exuberance over the payrolls print sparked a kneejerk higher in stocks, the record drop in earnings and the further drop in the labor force are leading bond yields and crude oil lower. Gold is modestly hgher and the USDollar is rallying.
Make no mistake: the Internet of Things is just Big Brother in a more appealing disguise. Even so, we're not suggesting we all become Luddites. However, we need to be aware of how quickly a helpful device that makes our lives easier can become a harmful weapon that enslaves us.
Obama + Vacation = ...
There are still those who still follow every up and, so very rarely, down-tick with morbid fascination. It is for their benefit that we present what in our, and Nanex's, opinion was the absurd chart topping an absurd year of the most absurd "bull market rally" in history. Presenting the Top 10 WTF moment of the broken market of 2014: the last second December 18, 2014 flash smash in the SPY. Because for all those who think 2094 was the all time high in the S&P, think again: according to whatever algo was trading the SPY 4 seconds before the close on December 18 the real all time high was actually 2130: appropriately enough, a fake "all-time high" attained only thanks to a algorithmic glitch.
The Agency Which DID the Torture Says It Doesn’t Work
Trading volumes today are running at the lowest pace since 2006, crude oil prices ae testing back towards fresh 5 year lows, and Treasury yields are all lower... so it should come as absolutely no surprise that the S&P 500, Dow Industrials, and Russell 2000 have all hit fresh intraday record highs today.
"A world drowning in debt, weighed down with deflation,
Was saved once again by more asset inflation.
And I heard her exclaim, as she cranked up her press,
Wish your kids Merry Christmas, they'll inherit this mess!"
The five remaining equity bears on Earth are all saying the same thing: "We'll get 'em in 2015." To which I ask: why? What's going to change?