Full story here from ZeroHedge.
As we reported first, last week saw the second confirmation of the Hindenburg Omen, most recently sighted for the first time on August 12. Presumably this is an indication of putting one’s money where one’s mouth is (and away from the market).
ZeroHedge is my man today. Check this out. And this very appropriate quote in honor of yesterday.
In addition to having said many things about HFT in general in the last year, over the past 12 months Zero Hedge has focused a lot of attention specifically on Goldman’s dominance of the NYSE’s Program Trading platform, where [...]
Post-crash CNBC kept blabbering on about the cause of the crash at some “fat finger” trade for 16 billion. Oops, I put billion instead of million! Putting the ‘douche’ in fiduciary responsibility…
CME press release, confirms no “fat finger” trade (no kidding):
http://www.zerohedge.com/article/cme-issues-press-release-confirms-no-fat-finger-will-cnbc-issue-retraction-repeated-factless
Lawmakers propose to reintroduce Glass-Steagall, audit the Fed and break up the Too Big To Fail. Best thing [...]
Full story here from Ellen Brown, author of Web of Debt.
While the SEC is busy investigating Goldman Sachs, it might want to look into another Goldman-dominated fraud: computerized front running using high-frequency trading programs.
Full story here from Business Insider.
This market is ridiculous.
It only seems to go up, and it’s made brilliant men look like fools.
Names like Stiglitz, Roubini, and El Erian have been humiliated by the bullish market boom, which has seen the DJIA reach heights near the infamous ‘DOW 11000′.
Many of these voices may be the ones [...]
Full story here from Business Insider.
When it comes to equity analysts Teun Draaisma is a must-read. The European equity analyst famously called for investors to sell stocks in June 2007 when the markets were flashing a “full house sell” signal.
He then flipped bullish in November of 2008 as the markets were pricing in a much [...]
Full story here from ZeroHedge.
“It’s now been a year since the dark days of early March 2009, when, although no one knew it at the time, the stock market hit rock bottom. From there, all of the indexes went on a tear through the rest of the year, moving almost uninterruptedly higher before easing slightly [...]
Full story here from ZeroHedge.
Evidence seems to be mounting that we are headed towards some sort of implosion in the paper Gold market, and perhaps the currency/bond markets in general. Let’s take a look:
Jacksonville, FL based EverBank – a bank with approximately $8 billion in assets and 1800 employees according to the company website – [...]
Full story here from ZeroHedge.
At 112.8 million shares traded, the SPY just recorded its lowest volume day for 2010. One of the possible reasons for this: mutual funds are rapidly running out of cash to buy stocks. As Bloomberg notes, “equity mutual funds are burning through cash at the fastest rate in 18 years, leaving [...]
Full story here from Market Oracle.
“As crooked politicians, Federal Reserve hacks, and cheerleading media pundits inform you the recession is over, you probably have a sneaking suspicion they are lying.
The National Bureau of Economic Research is the arbiter of business cycle recessions. They define a recession as “a significant decline in economic activity spread across [...]