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Daily Archives: May 8, 2013
TSX big picture update: flat since 2006
As the now typical late day HFT price ramp kicks in at 3:45 pm, I thought this visual update on the Canadian stock market was illuminating: 7 years of heart-stopping volatility with zero capital gains. Secular bears are quite a … Continue reading
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“No fault” fines make mockery of rule of law
Yesterday, the new chairman of the Securities and Exchange Commission Mary Joe White testified on Capital Hill in defense of “no admission of fault or wrong-doing” settlements for companies and individuals in the financial sector on the grounds of expediency. … Continue reading
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Instruments of capital destruction in action
Everyone with capital in publicly traded markets today is vulnerable to the madness and mayhem of HFT. “Watch High Frequency Traders (HFT) at the millisecond level jam thousands of quotes in the stock of Johnson and Johnson (JNJ) through our … Continue reading
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