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).
Full story here.
Opinion was as polarised as ever on Friday, as one market commentator said shares could be riding for an imminent fall, only days after a respected investor predicted the FTSE 100 would hit 6,000 before the end of the year.
Full story here from ZeroHedge.
And so it continues: since we first posted Nanex’ report on quote stuffing two months ago, and the follow-up analysis, the firm’s images of visualizable HFT algorithmic “crop circles” have appeared everywhere, from the pages of Huffington Post to The Atlantic. Which is terrific, as it further raises public awareness [...]
Full story here from ZeroHedge.
Joe Saluzzi has been let out of his cage and is disseminating yet more truthiness, this time on Bloomberg with Margaret Brennan, where he references the ICI number we disclosed yesterday about $28 billion in equity outflows and says he “doesn’t really blame” investors for bailing. After ongoing daily stock beatings, [...]
Full story here from Jim Willie (The Golden Jackass).
Natural forces are at work in Europe, powerful forces, in fact forces that are not evident. It is amazing how little the financial analysts notice the forces at all. Since the year 2007, a hidden force began to put pressure on the European Union financial underpinning. Like [...]
Legislation that authorizes the government to conduct a one time audit of the Federal Reserve’s emergency-response programs was approved unanimously by the Senate on the 11th of May, 2010. This legislation is a portion of the overall bank reform legislation. As a result of this legislation, Sen. Bernie Sanders stated that, “This makes it clear that the Fed can no longer operate under the kind of secrecy it has been operating under.”
Full story here from Pam Martens (who totally ROCKS at investigating financial crooks).
Procter & Gamble may have to put the second half of its name in bold in the future or maybe add an exclamation point. Cowboy capitalism threw a lasso around the staid 173 year old household products company on black Thursday, shaving some [...]
Full story here from the New York Post.
Federal agents have launched parallel criminal and civil probes of JPMorgan Chase and its trading activity in the precious metals market, The Post has learned.
The probes are centering on whether or not JPMorgan, a top derivatives holder in precious metals, acted improperly to depress [...]
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 [...]
Electronic trading of Emini futures is exploding in popularity. This week, with the Dow and S&P 500 plunging, there were more than 5million contracts traded each day on the S&P 500 EMini. With so many traders wanting to be at home day trading, emini futures trading now dwarfs many other investment opportunities.