Daily Archives: May 8, 2013

TSX big picture update: flat since 2006

Posted on May 8, 2013 by Danielle Park

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

Posted on May 8, 2013 by Danielle Park

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

Posted on May 8, 2013 by Danielle Park

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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