• Pivotfarm
    04/18/2014 - 12:44
    Peering in from the outside or through the looking glass at what’s going down on the other side is always a distortion of reality. We sit here in the west looking at the development, the changes and...

Apple

Reggie Middleton's picture

So, It Seems Like That Andreesen Dude Might Actually Know What He's Talking About, But I'll Still Spill His Secrets





I got into a Twitter debate with Marc Andreesen of Netscape (the inventor of the commercial web browser) and Andreesen Horowitz (the VC fund that financed Facebook, Twitter, Skype & Zynga) fame.

He spit out what was mostly common sense, yet still flew in the face of what is taught in school, most text books and by most B school teachers. Here's how it went down...

 


Tyler Durden's picture

Frontrunning: April 17





  • Putin Doesn't Rule Out Sending Troops (WSJ)
  • Japan Cuts Economic View on Tax Rise (WSJ)
  • No "harsh weather" in Chipotle restaurants where comp store sales rose 13.4% (PR)
  • No sanctions for you: EU sanctions push on Russia falters amid big business lobbying (FT)
  • Consumer Spending on Health Care Jumps as Obamacare Takes Hold (BBG)
  • China Seen Cracking on Property Controls (BBG)
  • Google, IBM results raise questions about other tech-sector companies (Reuters)
  • California city evacuation lifted after military ordnance found (Reuters)
  • For Obama, Standoff With Moscow Jumbles Plans at Home and Abroad (WSJ)
 


Tyler Durden's picture

Frontrunning: April 16





  • Ukraine Says Russia Exporting ‘Terror’ Amid Eastern Push (BBG)
  • Civil War Threat in Ukraine (Reuters)
  • China Shoe Plant Strike Disrupts Output at Nike, Adidas Supplier (BBG)
  • Mt Gox to liquidate (WSJ)
  • Ex-Co-Op Bank Chairman Charged With Cocaine Possession (BBG)
  • Goldman Sachs plans to jump-start stock-trading business (WSJ)
  • Credit Suisse first-quarter profit falls as trading tumbles (Reuters)
  • U.K. Unemployment Rate Falls to Five-Year Low (BBG)
  • Lawmakers Back High-Frequency Trade Curbs in EU Markets Law (BBG)
  • Yahoo's growth anemic as turnaround chugs along (Reuters)
  • Spain ETF Grows as Rajoy Attracts Record U.S. Investments (BBG)
 


Tyler Durden's picture

Frontrunning: April 15





  • Ukraine forces move against separatists (FT)
  • China GDP Gauge Seen Showing Deeper Slowdown (BBG)
  • China Is Losing Its Taste for Gold (WSJ)
  • Regulators Weigh Curbs on Trading Fees (WSJ)
  • Obama, Putin Talk as Unrest Roils Eastern Ukraine (WSJ)
  • Japan PM talks with BOJ chief, does not push for easing (Reuters)
  • BRICS countries to set up their own IMF (RBTH)
  • IMF Members Weigh Options to Sidestep U.S. Congress on Overhaul (WSJ)
  • Zebra to Buy Motorola Solutions Unit for $3.45 Billion (BBG)
  • Chinese Thunder God Herb Works as Well as Pain Therapy (BBG)
 


Reggie Middleton's picture

"Hardware IS Dead" Thesis Has Now Torn Through All Handset Providers & Now Everyone Can Act On It





After warning that hardware is dead, my thesis has foreshadowed the slashing of the equity values of Apple, Blackberry, Samsung, Nokia and HTC despite the fact that the sell side has said otherwise. Now I've enabled the whole world to profit on the premise

 


Tyler Durden's picture

Frontrunning: April 11





  • Sensitive Market Data Leaked After Government Phone Call (WSJ)
  • This is a actual Bloomberg headline: China Fake Data to Skew More Export Numbers (BBG)
  • This is another actual BBG headline: U.S. as Global Growth Engine Putt-Putts Instead of Purring (BBG)
  • Ukraine wants to buy European gas to boost energy security (Reuters)
  • JPMorgan Profit Falls 19% on Trading, Mortgage Declines (BBG)
  • Record Europe Dividends Keep $2.8 Trillion From Factories (BBG)
  • Why is Goldman shutting down Sigma X: SEC eyes test that may lead to shift away from 'dark pools' (Reuters)
  • Ebola Outbreak Empties Hotels as West Africa Borders Closed (BBG)
  • Australian PM says searchers confident of position of MH370's black boxes (Reuters)
  • Gross Says El-Erian Should Explain Reason for Exit (BBG)
 


Tyler Durden's picture

Frontrunning: April 9





  • Top Medicare Doctor Paid $21 Million in 2012, Data Shows (BBG)
  • Separatists build barricades in east Ukraine, Kiev warns of force (Reuters)
  • Greece launches sale of five-year bond (FT)
  • High-Frequency Trader Malyshev Mulls Accepting Outside Investors (BBG)
  • U.S. defense chief gets earful as China visit exposes tensions (Reuters)
  • GM Workers Who Built Defective Cars Fret About Recall (BBG)
  • Kerry, Congress Agree: Superpower Status Not What It Was (BBG)
  • Crimeans Homeless in Ukraine Seek Solace in Kiev Asylums (BBG)
  • JPMorgan's Dimon says U.S. banks healthy, Europe lagging (Reuters)
 


Pivotfarm's picture

CME Group Electronic $CME trading stops operating.





Due to technical issues, the following CME Globex Futures and Options markets have been halted: 

 


Tyler Durden's picture

No BTFD In Overnight Yen Carry/Spoos Means Momo Confusion Continues





No Yen carry levitation overnight and, naturally, no Spoo levitation, with the futures struggling following the Nikkei's -1.7% drubbing (pushing it back to nearly -10% on the year) and down well from Friday's closing print. Risk averse sentiment following on from lower close on Wall Street on Friday, NASDAQ 100 (-2.7%) marked the worst session since 2011 dominated the price action in Asia, with JGBs up 32 ticks and the Nikkei 225 index (-1.7%). The Shanghai Composite was closed for a market holiday. Overall, stocks in Europe have recovered off lows but remain in negative territory (Eurostoxx50 -0.64%), with tech sector under performing in a continuation of sector weakness seen in the US and Asia, however Bunds remained under pressure as speculation of QE by ECB continued to undermine demand for core EU bonds. No major tier 1 releases scheduled for rest of the session, with focus likely turning to any policy related comments from ECB’s Weidmann, Constancio and Fed’s Bullard.

 


Tyler Durden's picture

Frontrunning: April 3





  • Russia says expects answers on NATO troops in eastern Europe (Reuters)
  • Dealers say GM customer anxiety rising, sales may take hit (Reuters)
  • China Unveils Mini-Stimulus Measure (WSJ)
  • Londoners Priced Out of Housing Blame Foreigners (BBG)
  • New earthquake in Chile prompts tsunami alerts (Reuters)
  • Ukrainian Billionaire Charged by U.S. With Bribe Scheme (BBG)
  • Chinese Investments in U.S. Commercial Real Estate Surges (BBG)
  • Old Math Casts Doubt on Accuracy of Oil Reserve Estimates (BBG)
  • US secretly created 'Cuban Twitter' to stir unrest (AP)
 


Tyler Durden's picture

Obama Administration Admits Use Of "Warrantless Searches" Of US Citizens





Just over a month ago, we reported on the Supreme Court's ruling that police may search a home without obtaining a warrant thus denigrating the Fourth Amendment to the funeral pyre under the Obama Administration's totalitarian might. Today that decision (and the end of the 4th) were confirmed when the country's top intelligence official confirmed in a letter to Congress that the Obama administration has conducted warrantless searches of Americans' communications as part of the National Security Agency's surveillance operations. While efforts were made to suggest agencies do not deliberately track Americans' emails, phone calls, and online activity without a warrant, as Sen. Wyden notes, "the facts show that was misleading."

 


Tyler Durden's picture

Frontrunning: April 2





  • Why did Yellen use criminals in her employment case studies? Hilsenrath explainz (Hilsenrath)
  • GM avoided defective switch redesign in 2005 to save a dollar each (Reuters)
  • Xuzhou Zhongsen Said to Avert Bond Default on Guarantor Aid  (BBG)
  • France's New Finance Minister Faces Fiscal Challenge (WSJ)
  • The magic is gone: Draghi’s Attempt to Talk Down Euro Lost on Traders (BBG)
  • Another John Kerry smashing success: U.S. Gambit on Mideast Peace Talks Falters (WSJ)
  • Combat-Ready China Military Seen as Xi’s Goal in Graft Battle (BBG)
  • Huge earthquake off Chile's north coast triggers tsunami (Reuters)
  • Pressure rises on Gross as investors pull $3.1 billion from Pimco's flagship fund (Reuters)
 


Tyler Durden's picture

Watch As HFT Debate Devolves Into Epic Screamfest In Milliseconds





The clearly agitated BATS CEO came out swinging, blasting Katsuyama and Lewis "Shame On You," for apparently telling the truth of what occurs in the stock 'market and letting everyone in on it'. The tension grows when he presses Katsuyama on whether he really believes it is rigged... who then erupts "I believe the markets are rigged.. and that you are a part of the rigging." Then the gloves come off "you wanna do this, let's do this!" and then it got worse (or better)...

 


Tyler Durden's picture

An HFT-Rigged Market: How A Rogue Algo Destroyed The BATS IPO





Considering the rancorous debate currently going on between Michael Lewis (we will have more to say about it shortly), DirectEdge CEO William O'Brien and IEX employee and latest HFT whistleblower, Brad Katsuyma, on CNBC, we decided that this would be an opportune moment to remind readers how BATS, which currently owns DirectEdge, IPOed, or rather how it failed to IPO, when it crashed and burned in its attempt to go public on March 23, 2012, when a rogue algo destabilized the order book and promptly sent the indicative price from around $16 to 0... in less than a second - perheps the perfect testament to just what HFT really does.... and just so readers have an objective perspective of how "unrigged" the market truly is.

 


Syndicate content
Do NOT follow this link or you will be banned from the site!