“Lock Her Up”: NYSE Floor Traders Boo, Shout During Hillary Concession Speech

“Lock Her Up”: NYSE Floor Traders Boo, Shout During Hillary Concession Speech:

NYSE floor traders began chanting “lock her up!,” as Clinton appeared on television screens around 11:35 am, when she urged her millions of disappointed supporters to accept the stunning defeat. “Ding-dong, the witch is dead,” shouted another floor trader.

* * *

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Meanwhile, Over At The ‘New York’ Stock Exchange … LASERS

Over the past few weeks, a new piece of equipment has been spotted hanging off the NYSE primary microwave tower. Here it is…

laser 3 - Copy

Meanwhile, Over At The “New York” Stock Exchange… Lasers (ZeroHedge, March 1, 2015):

The last time we looked at the most important tower in the world, about 4 months ago, it looked as follows:

Read moreMeanwhile, Over At The ‘New York’ Stock Exchange … LASERS

Art Cashin: ‘Things Could Theoretically Turn Into What I Call A Lehman Moment’

Art Cashin

Art Cashin: “Things Could Theoretically Turn Into What I Call A Lehman Moment” (ZeroHedge, Sep 13, 2014):

Courtesy of Finanz und Wirtschaft, interview by Christoph Gisiger

Wall Street veteran Art Cashin does not fully trust the record levels at the stock market and draws worrisome parallels between the geopolitical tensions over Ukraine and the Cuban missile crisis.

From the assassination of President Kennedy via the stock market crash of 1987 and the Fall of the Berlin Wall through to the burst of the dotcom bubble, the terror attacks of 9/11 and the collapse of Lehman Brothers: Art Cashin has experienced all the major world events of the last half century at the floor of the New York Stock Exchange. Currently, the highly respected Wall Street veteran keeps a close eye on the geopolitical tensions in the Middle East and on the situation in Ukraine which reminds him of the Cuban missile crisis «The markets are edgy and nervous», says the Director of Floor Operations for UBS Financial Services while constantly checking the quotation board. Like many traders here, he is somewhat skeptical of the huge stock market rally that started in March 2009. «I think it is a question of the extraordinarily low interest rates», he explains.

Read moreArt Cashin: ‘Things Could Theoretically Turn Into What I Call A Lehman Moment’

This Is The Biggest Cluster Of Hindenburg Omens Since The Last Stock Market Crash

This Is The Biggest Cluster Of Hindenburg Omens Since The Last Stock Market Crash (Economic Collapse, Aug 13, 2013):

Are we heading for a major stock market decline?  Warnings about a crash of the financial markets are quite common these days, and usually they don’t materialize.  But this time may be different.  A number of top analysts are pointing out the fact that the biggest cluster of “Hindenburg Omens” has appeared since the last stock market crash.  And those that have studied this insist that the more “Hindenburg Omens” there are in a cluster, the stronger the signal is.  Meanwhile, another very disturbing sign is the fact that the yield on 10 year U.S. Treasuries is starting to soar again.  On Tuesday it shot up from 2.62% to 2.727%.  As I have written about previously, the yield on 10 year U.S. Treasuries is the most important number in the U.S. economy right now.  If that number continues to rise, it is going to be very, very bad news for the financial system.

But before I discuss rising interest rates any further, I want to talk about this unusual cluster of Hindenburg Omens that we have just witnessed.  In a previous article, I shared a list of the criteria that are commonly used to determine whether a Hindenburg Omen has appeared or not:

Read moreThis Is The Biggest Cluster Of Hindenburg Omens Since The Last Stock Market Crash

Massive Economic Problems Are Erupting All Over The Planet (18 Signs)

18 Signs That Massive Economic Problems Are Erupting All Over The Planet (Economic Collapse, June 2, 2013):

This is no time to be complacent.  Massive economic problems are erupting all over the globe, but most people seem to believe that everything is going to be just fine.  In fact, a whole bunch of recent polls and surveys show that the American people are starting to feel much better about how the U.S. economy is performing.  Unfortunately, the false prosperity that we are currently enjoying is not going to last much longer.  Just look at what is happening in Europe.  The eurozone is now in the midst of the longest recession that it has ever experienced.  Just look at what is happening over in Asia.  Economic growth in India is the lowest that it has been in a decade and the Japanese financial system is beginning to spin wildly out of control.  One of the only places on the entire planet where serious economic problems have not already erupted is in the United States, and that is only because we have “kicked the can down the road” by recklessly printing money and by borrowing money at an unprecedented rate.  Unfortunately, the “sugar high” produced by those foolish measures is starting to wear off.  We are going to experience a massive amount of economic pain along with the rest of the world – it is just a matter of time.

But for the moment, there are a lot of skeptics out there.

For the moment, there are a lot of people that are declaring that the problems of the past have been fixed and that we are heading for incredibly bright economic times ahead.

Unfortunately, those people appear to be purposely ignoring the economic horror that is breaking out all over the globe.

The following are 18 signs that massive economic problems are erupting all over the planet…

Read moreMassive Economic Problems Are Erupting All Over The Planet (18 Signs)

S&P Downgrades Warren Buffet’s Berkshire Hathaway From AA+ To AA, Outlook Negative

S&P Downgrades Berkshire From AA+ To AA, Outlook Negative (ZeroHedge, May 16, 2013):

Obviously with Buffett a major shareholder of Moody’s, the only place where a downgrade of Berkshire could come from was S&P. Moments ago, the rating agency that dared to downgrade the US for which it is being targeted by Eric Holder’s Department of “Justice”, did just that.

Read moreS&P Downgrades Warren Buffet’s Berkshire Hathaway From AA+ To AA, Outlook Negative

Heinz Confirms It Will Be Acquired By Warren Buffett’s Berkshire Hathaway In $28 Billion Transaction At $72.50/Share – So Who Leaked The Heinz Deal?

So Who Leaked The Heinz Deal? (ZeroHedge, Feb 14, 2013):

Just a purely accidental modest to quite modest increase in the Heinz June $65 call open interest yesterday, and an even more accidental $1.5 million profit in one day? Surely the new Morgan Stanely head of the SEC will get right on it, and market “credibility” will be preserved. At least Buffett’s DOJ-immune rating agency Moody’s will rate the JPM’s committed financing for the HNZ takeover AAAA++++.

Heinz Confirms It Will Be Acquired By Buffett In $28 Billion Transaction At $72.50/Share (ZeroHedge, Feb 14, 2013):

Just released by Heinz. Luckily, the brand new US Secretary of State has a full conflict of interest release.

H.J. Heinz Company Enters Into Agreement to Be Acquired by Berkshire Hathaway and 3G Capital

H.J. Heinz Company (NYSE: HNZ) (“Heinz”) today announced that it has entered into a definitive merger agreement to be acquired by an investment consortium comprised of Berkshire Hathaway and 3G Capital.

Under the terms of the agreement, which has been unanimously approved by Heinz’s Board of Directors, Heinz shareholders will receive $72.50 in cash for each share of common stock they own, in a transaction valued at $28 billion, including the assumption of Heinz’s outstanding debt. The per share price represents a 20% premium to Heinz’s closing share price of $60.48 on February 13, 2013, a 19% premium to Heinz’s all-time high share price, a 23% premium to the 90-day average Heinz share price and a 30% premium to the one-year average share price.

Read moreHeinz Confirms It Will Be Acquired By Warren Buffett’s Berkshire Hathaway In $28 Billion Transaction At $72.50/Share – So Who Leaked The Heinz Deal?

New York Stock Exchange Sold To Derivatives Company In $8 Billion Takeover

New York Stock Exchange sold to derivatives company in $8bn takeover (Guardian, Dec 20, 2012):

The New York Stock Exchange called time on two centuries of independence on Thursday, agreeing to an $8.2bn takeover that will hand control of the icon of American capitalism to an Atlanta-based energy trader.

The stock exchange’s holding company, NYSE Euronext, has agreed to an offer of $33.12 a share in cash and stock from IntercontinentalExchange (ICE). ICE was founded in 2000, NYSE in 1817. The combined company would have headquarters in both ICE’s home of Atlanta and in New York.

Read moreNew York Stock Exchange Sold To Derivatives Company In $8 Billion Takeover

Hurricane Sandy: Wall Street Shuts Down; Trading May Not Resume Until Wednesday

All US Equity Markets Closed Monday (And Maybe Tuesday) Due To Sandy (ZeroHedge, oct 29, 2012):

Late Updates – after a day of consultation and realization that if the algos were left alone to play then things could go a little pear-shaped – NYSE and NASDAQ will now be totally closed tomorrow:

  • *U.S. EQUITY MARKETS TO CLOSE ON OCT. 29 FOR STORM, SEC SAYS
  • *NEW YORK STOCK EXCHANGE TO CLOSE MARKETS FOR STORM
  • *NASDAQ OMX MARKETS CLOSED TOMORROW ON HURRICANE SANDY  :NDAQ US
  • *CBOE TO CLOSE EXCHANGES OCT. 29 BECAUSE OF HURRICANE SANDY

Via NYSE:

“In consultation with other exchanges and market participants, NYSE Euronext will close its markets on Monday, Oct. 29, 2012 and pending confirmation on Tuesday, Oct. 30, 2012’’

“We support the consensus of the markets and the regulatory community that the dangerous  conditions developing as a result of Hurricane Sandy will make it extremely difficult to ensure the safety of our people and communities, and safety must be our first priority’’

“We will work with the industry to determine the next steps in restoring trading as soon as the situation permits’’

Add to this, SIFMA’s recommendation that bond markets close at midday – which is all a little moot given MTA’s closure and tomorrow looks like being a busy day for the European desks…

Hurricane to close Wall St on Monday, possibly Tuesday (Reuters, Oct 29, 2012):

U.S. stock and options markets will be closed on Monday and possibly Tuesday, the exchange operator said, going back on a plan that would have kept electronic trading going on Monday.

As Hurricane Sandy bears down on the New York area, regulators, exchanges and brokers grew increasingly worried about the integrity of markets and the safety of employees.

It will be the first time the market has closed for a weather-related event since Hurricane Gloria on September 27, 1985.

Wall Street shuts for storm; trading may not resume until Wednesday (Los Angeles Times, Oct 28, 2012):

As Hurricane Sandy barrels down on the East Coast, Wall Street is shutting down.

The nation’s two biggest trading platforms — the New York Stock Exchange and the Nasdaq Stock Market — have both closed for business. They said trading might not get back to normal until Wednesday.

This would be the first time trading has been halted in all U.S. stocks since a four-day stretch after the Sept. 11, 2001, terrorist attacks.

Read moreHurricane Sandy: Wall Street Shuts Down; Trading May Not Resume Until Wednesday

The Shorts Have Left The Building

The Shorts Have Left The Building (ZeroHedge, Feb. 10, 2012):

Following the market’s “sudden” realization in December that the ECB had been quietly pumping $800 billion, or more than the entire QE2, into the market (sterilized? yeah right – when one lends out cash in exchange for worthless crap nobody else wants, and certainly not the Bundesbank, it is not sterilized), it became all too clear that the market’s response in 2012 would be a deja vu of 2011, if only for a while. Sure enough 2012 has been a tic-for-tic transposition of the market move in 2011. The only question is how far it would go, before, like back in 2011 again, it rolled over. To get a sense of one of the best indicators of an overextended rally, we go to the NYSE whose short interest update confirms that the rally, at least based on ongoing short squeeze dynamics (which as we said in mid-January has been the best strategy for a bizarro market) is now over. Sure enough, according to the latest data, short interest has collapsed from a multi-year high in September of 16 billion shorts, which coincided with the market lows, to essentially the lowest print seen in the past 4 years at 12.5 billion shares, a level which has not been breached once in the New Normal phase of market central planning. In other words, those who look at short interest and covering as a market inflection point, the time has come to take advantage of the short mauling, and bet on the market rolling over. That said, all it takes is for a central bank chairman somewhere to sneeze the wrong way, and this best laid plan will promptly collapse.

‘Anonymous’: A Personal Message Regarding The Validity Of Operation Invade Wall Street

The elitists plan is to take away the internet from you.

Flashback:

Former CIA Director Michael Hayden: Build A New Internet To Improve Cybersecurity

Congressman Ron Paul on the Cyber Security Act: ‘They are doing everything in the world to control the internet.’

Law Professor: Counter Terrorism Czar Told Me There Is Going To Be An i-9/11 And An i-Patriot Act:

Lawrence Lessig, a respected Law Professor from Stanford University told an audience at this years Fortune’s Brainstorm Tech conference in Half Moon Bay, California, that “There’s going to be an i-9/11 event” which will act as a catalyst for a radical reworking of the law pertaining to the internet.

Senator Jay Rockefeller: Internet Is The ‘No.1 National Hazard’

For your information …



YouTube 08.10.2011

I clarify a few more things I may have forgot to mention or made a mistake during the first video. link: http://93.17.7.151/webdav/greenshell.php

TRANSCRIPT:
_________________

Greetings citizens of the world, I am TheAnonMessage.

There’s been some con flict, as always. Many people refuse to accept that Operation Invade Wall Street is a reality. Some say it is a COINTELPRO agent tactic to set the map for a false flag operation.

I am here to say that I am the messenger. As the messenger, I cannot take sides. I am not supporting or opposing invade wall street, and it was wrong of me to say that the operation has been terminated.

Read more‘Anonymous’: A Personal Message Regarding The Validity Of Operation Invade Wall Street

Anonymous: NYSE Hack Compromised


The flag used by hackers in the group known as Anonymous

Anonymous NYSE Hack Compromised, Group Says [Video] (Long Island Press, Oct. 7, 2011):

The hackers that claimed to be part of Anonymous are now saying that their plan to shut down the New York Stock Exchange Monday has been compromised.

TheAnonMessage had posted a video four days ago stating that the group was supporting the Occupy Wall Street protests by taking the NYSE down. Now, a message under the video reads:

BREAKING EMERGENCY UPDATE: Warning: The Operation #invadewallstreet HAS BEEN COMPROMISED. Do not participate. People may still hack NYSE. They will do it at their own risk.

This was after a tweet from AnonyOps said, “WARNING: To ALL people! DO NOT PARTICIPATE IN #invadewallstreet AGENT named hypotenuse has infiltrated AnonOps IRC.”

Read moreAnonymous: NYSE Hack Compromised

Hacker Group ‘Anonymous’ Announces It Will ‘Erase’ The NYSE ‘From The Internet’ On 10/10/2011 (Video)

… and then the elitists will take away the internet from you (as planned).

Flashback:

Former CIA Director Michael Hayden: Build A New Internet To Improve Cybersecurity

Congressman Ron Paul on the Cyber Security Act: ‘They are doing everything in the world to control the internet.’

Law Professor: Counter Terrorism Czar Told Me There Is Going To Be An i-9/11 And An i-Patriot Act:

Lawrence Lessig, a respected Law Professor from Stanford University told an audience at this years Fortune’s Brainstorm Tech conference in Half Moon Bay, California, that “There’s going to be an i-9/11 event” which will act as a catalyst for a radical reworking of the law pertaining to the internet.



YouTube Added:03.10.2011

A new Anonymous statement to the media regarding a DDOS attack set forth to take place October 10th. DDOS information is annotated.

IRC LINK: irc.project-pm.org #invadewallstreet
(or for NetTalk users, 85.115.208.246)

TRANSCRIPT:
_________________

Greetings, Institutions of the Media.
We are Anonymous.
The events transpiring within Wall Street have caught our eye.

Read moreHacker Group ‘Anonymous’ Announces It Will ‘Erase’ The NYSE ‘From The Internet’ On 10/10/2011 (Video)

Liquidations Coming: Hedge Fund Margin Debt Surges – Total Free Cash Lowest Since July 2007, Just Prior To Quant Wipe Out

The NYSE has released its January margin debt data. Not surprisingly, total margin debt hit a peak of $290 billion, the highest since September 2008, but the one category that shows just how much purchasing is occurring on margin is total Free Credit less Total Margin Debt drops to the lowest since the all time credit bubble peak in July of 2007!

At ($45.9 billion) this number is just below the ($52.8) billion last seen just before the August 2007 quant wipe out which blew up Goldman’s quant desk, and arguably was the catalyst for the beginning of the end. In other words, as we have shown, everyone is now purchasing on margin and the level of investor net worth is the lowest in over 3 years.

Which means that should the market decline from this week persist and the Fed be unable to stop it, the margin calls will start coming in fast and furious, and unwinds in otherwise stable products like gold and silver are increasingly possible as hedge funds proceed to outright liquidations.

Submitted by Tyler Durden on 02/24/2011 11:54 -0500

Source: ZeroHedge

Matt Taibbi: Why Isn’t Wall Street in Jail? (Rolling Stone)

Financial crooks brought down the world’s economy — but the feds are doing more to protect them than to prosecute them


Illustration by Victor Juhasz

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

“Everything’s fucked up, and nobody goes to jail,” he said. “That’s your whole story right there. Hell, you don’t even have to write the rest of it. Just write that.”

I put down my notebook. “Just that?”

“That’s right,” he said, signaling to the waitress for the check. “Everything’s fucked up, and nobody goes to jail. You can end the piece right there.”

Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world’s wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.

This article appears in the March 3, 2011 issue of Rolling Stone. The issue is available now on newsstands and will appear in the online archive February 18.

The rest of them, all of them, got off. Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom — an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securities — has ever been convicted. Their names by now are familiar to even the most casual Middle American news consumer: companies like AIG, Goldman Sachs, Lehman Brothers, JP Morgan Chase, Bank of America and Morgan Stanley. Most of these firms were directly involved in elaborate fraud and theft. Lehman Brothers hid billions in loans from its investors. Bank of America lied about billions in bonuses. Goldman Sachs failed to tell clients how it put together the born-to-lose toxic mortgage deals it was selling. What’s more, many of these companies had corporate chieftains whose actions cost investors billions — from AIG derivatives chief Joe Cassano, who assured investors they would not lose even “one dollar” just months before his unit imploded, to the $263 million in compensation that former Lehman chief Dick “The Gorilla” Fuld conveniently failed to disclose. Yet not one of them has faced time behind bars.

Instead, federal regulators and prosecutors have let the banks and finance companies that tried to burn the world economy to the ground get off with carefully orchestrated settlements — whitewash jobs that involve the firms paying pathetically small fines without even being required to admit wrongdoing. To add insult to injury, the people who actually committed the crimes almost never pay the fines themselves; banks caught defrauding their shareholders often use shareholder money to foot the tab of justice. “If the allegations in these settlements are true,” says Jed Rakoff, a federal judge in the Southern District of New York, “it’s management buying its way off cheap, from the pockets of their victims.”

To understand the significance of this, one has to think carefully about the efficacy of fines as a punishment for a defendant pool that includes the richest people on earth — people who simply get their companies to pay their fines for them. Conversely, one has to consider the powerful deterrent to further wrongdoing that the state is missing by not introducing this particular class of people to the experience of incarceration. “You put Lloyd Blankfein in pound-me-in-the-ass prison for one six-month term, and all this bullshit would stop, all over Wall Street,” says a former congressional aide. “That’s all it would take. Just once.”

But that hasn’t happened. Because the entire system set up to monitor and regulate Wall Street is fucked up.

Just ask the people who tried to do the right thing.

Read moreMatt Taibbi: Why Isn’t Wall Street in Jail? (Rolling Stone)

Long Before German Deal, NYSE Was Mostly Symbolic

The Germans will regret this deal very soon.

German Börse In Talks To Buy The New York Stock Exchange


German company will acquire Big Board, but exchange is already mostly symbolic

NEW YORK (AP) — Why would anyone want to sell a centerpiece of capitalism like the New York Stock Exchange? Because despite its fame and its fabled floor, it’s a lousy way to make money.

A German company will acquire the Big Board in a deal that creates the world’s largest exchange operator but does not stop the decades-long evolution of stock trading from shouting floor brokers to the cold, quiet hum of computers.

The deal announced Tuesday values the New York exchange’s old parent company, NYSE Euronext, at $10 billion. The NYSE and Euronext, which owns exchanges in several European capitals, merged in 2007.

Read moreLong Before German Deal, NYSE Was Mostly Symbolic

NYSE Common Stock Volume Plunges To Sub-2001 Levels

When we pointed out our volume chart earlier, which indicated that volume is now a laughable joke, we received one of the traditionally amusing responses, “ZH misses the point on volume because they data mine and only compare it to the volume during the crisis. SPY volume is STILL higher today than it was pre-2007. So are we to believe that the crisis volume levels are the “real” levels for volume? If you compare back to pre-crisis, volume is actually still pretty high.” Here is our response.

For those who refuse to accept the reality, and/or are unable to interpret what the chart says, allow us to explain: NYSE common stock volume is lower than it was in 2010, in 2009, in 2008, in 2007, in 2006, in 2005, in 2004, in 2003, in 2002 and in 2001. We stopped there (couldn’t help it – felt obligated to data mine a little bit).

Read moreNYSE Common Stock Volume Plunges To Sub-2001 Levels

German Börse In Talks To Buy The New York Stock Exchange

See also:

Global Stock Exchanges Are Headed for Major Consolidation (CNBC)



Traders at the Frankfurt Stock Exchange in Germany, whose owner is negotiating to purchase the New York Stock Exchange.Marius Becker/DPA, via Agence France-Presse — Getty Images

The New York Stock Exchange, a symbol of American capitalism for more than two centuries, may soon have new owners — in Europe.

The exchange, facing pressure from electronic upstarts that have taken business away from it, said on Wednesday that it was in advanced talks on a merger with the operator of the Frankfurt Stock Exchange. A deal would create the world’s largest financial market, with a presence in 14 European countries as well as the United States.

A merger would potentially let customers trade stocks in New York, options tied to those shares in Paris and derivatives linked to them in Frankfurt.

A combination, after the mergers of other exchanges, would be another illustration of how globalization and technology have changed marketplaces. The New York Stock Exchange is a giant among exchanges, yet in a world of around-the-clock trading and rapid-fire algorithmic programs, its significance to investors has diminished. Once known for chief executives who were prominent cheerleaders for the stock market, the exchange now has a more muted public presence.

Read moreGerman Börse In Talks To Buy The New York Stock Exchange

All You Need To Know About High Frequency Trading: ‘Sell Everything, And Shutdown’; 4 Years Without A Loss

“The founder of Tradebot, in Kansas City, Mo., told students in 2008 that his firm typically held stocks for 11 seconds. Tradebot, one of the biggest high-frequency traders around, had not had a losing day in four years, he said.”


The reasons for last week’s collapse will be probed for a long time, and likely no firm conclusion will ever be derived, because it was caused by a confluence of numerous factors. While there may be immediate causes for the plunge, the one recurring reason for both that crash, and all future ones, will be dominant role played by HFT traders as they now control market structure when they operate, and the massive vacuum left when they decide to simply shut down when things get too heated and there is no regulated liquidity provider backstop. As the New York Times reports yesterday from your typical HFT bucket shop “as the stock market began to plunge in the “flash crash,” someone here walked up to one of those computers and typed the command HF STOP: sell everything, and shutdown.” A vivid and brief summary of what we have been warning for over a year. Also, we find out that just like Tradebot, which as “one of the biggest high-frequency traders around, had not had a losing day in four years” that Goldman, and all the other big banks who reported a flawless first quarter, are now nothing but one large HFT prop shop: they push the market higher on no volume, and when the selling in size commences they all just shut down. So much for providing liquidity when it is needed. And as for that 4 year track record… What did Madoff go to jail for again?

From the NYT:

Above the Restoration Hardware in this Jersey Shore town, not far from the Navesink River, lurks a Wall Street giant. Here, inside the humdrum offices of a tiny trading firm called Tradeworx, workers in their 20s and 30s in jeans and T-shirts quietly tend high-speed computers that typically buy and sell 80 million shares a day.

But on the afternoon of May 6, as the stock market began to plunge in the “flash crash,” someone here walked up to one of those computers and typed the command HF STOP: sell everything, and shutdown.

Read moreAll You Need To Know About High Frequency Trading: ‘Sell Everything, And Shutdown’; 4 Years Without A Loss

Insights From An Ex-Wall Street CEO On Market Manipulation

“I cannot come up with any explanation for market activity for last 15 months other than treasury intervention. Probability of other explanation is nonexistent.”

wallstreet

I am Ex CEO of mid sized Wall Street Firm. Known for equity research; reasonably good trading; acceptable Investment Banking. Now retired
Equity Block Trader early in career. May have traded more 1,000,000 share blocks than anyone over 10 year period.

Executed 1st program trade that I am aware of. Manually handled blocks of stock vs options on the XMI for expiration October of 1983.
Oversaw global equity trading, for top 5 firm. Was senior trader and oversaw hedge book during 87 crash. Still have time and sales from that day for all trades on NYSE.

Can read the tape as well as most.

I cannot come up with any explanation for market activity for last 15 months other than treasury intervention. Probability of other explanation is nonexistent.

Read moreInsights From An Ex-Wall Street CEO On Market Manipulation

The Illuminati Banksters: JPMorgan vs. Goldman Sachs

JPMorgan vs. Goldman Sachs: Why the Market Was Down for 7 Days in a Row

goldman-sachs jpmorgan

We are witnessing an epic battle between two banking giants, JPMorgan Chase (Paul Volcker) and Goldman Sachs (Geithner/Summers/Rubin). Left strewn on the battleground could be your pension fund and 401K.

The late Libertarian economist, Murray Rothbard, wrote that U.S. politics since 1900, when William Jennings Bryan narrowly lost the presidency, has been a struggle between two competing banking giants, the Morgans and the Rockefellers. The parties would sometimes change hands, but the puppeteers pulling the strings were always one of these two big-money players. No popular third party candidate had a real chance at winning, because the bankers had the exclusive power to create the national money supply and therefore held the winning cards.

In 2000, the Rockefellers and the Morgans joined forces, when JPMorgan and Chase Manhattan merged to become JPMorgan Chase Co. Today the battling banking titans are JPMorgan Chase and Goldman Sachs, an investment bank that gained notoriety for its speculative practices in the 1920s. In 1928, it launched the Goldman Sachs Trading Corp., a closed-end fund similar to a Ponzi scheme. The fund failed in the stock market crash of 1929, marring the firm’s reputation for years afterwards. Former Treasury Secretaries Henry Paulson, Robert Rubin, and Larry Summers all came from Goldman, and current Treasury Secretary Timothy Geithner rose through the ranks of government as a Summers/Rubin protégé. One commentator called the U.S. Treasury “Goldman Sachs South.”

Read moreThe Illuminati Banksters: JPMorgan vs. Goldman Sachs

High Frequency Trading Raises Meltdown Fears

Meltdown? Fear?

“We are doing God’s work!”


high-frequency-trading
(Click on image to enlarge.)


(Financial Times) — An explosion in trading propelled by computers is raising fears that trading platforms could be knocked out by rogue trades triggered by systems running out of control.

Trading in equities and derivatives is being driven increasingly by mathematical algorithms used in computer programs. They allow trading to take place automatically in response to market data and news, deciding when and how much to trade similar to the autopilot function in aircraft.

Analysts estimate that up to 60 per cent of trading in equity markets is driven in this way.

Concerns have been highlighted by news that NYSE Euronext, the transatlantic exchange operator, has fined Credit Suisse proprietary trading arm for the first time for failing to control its trading algorithms. In the Credit Suisse case, its system bombarded the NYSE’s systems with hundreds of thousands of “erroneous messages” in 2007, slowing down trading in 975 shares.

The case was far from isolated, say traders. CME Group, the Chicago-based futures exchange, is investigating a case this month where a trader in “mini” S&P Index futures contracts “inadvertently traded approximately 200,000 contracts as both buyer and seller”.

Last year, the London Stock Exchange suffered a three-hour outage after its trading system collapsed under the strain of a huge volume of orders. Some traders blamed the spike in volumes from algorithmic trading.

Frederic Ponzo, managing partner at GreySpark Partners, a consultancy, said: “It is absolutely possible to bring an exchange to breaking point by having an ‘algo’ entering into a loop so that by sending them at such a rate the exchange can’t cope.”

Read moreHigh Frequency Trading Raises Meltdown Fears