"THE MARKET... consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Alexander Elder


Friday, December 25, 2009

Did someone say "Dis"?

"...the revelations of Climategate may STILL be a further variant of a power elite promotion, but we are discounting that for the time being."
see: Wiki-Ganda
see: The National Post
see: Naomi Klein

Thursday, December 10, 2009

"Moonlit Markets"


There will always be "unfair arrangements, instances of abusive trading or unfair structure"...
see: Expectations

Wednesday, December 2, 2009

Gold NOT a safe haven?



The Reformed Broker
see: The Daily Reckoning

Monk of the Month


Your comments,
tips and prognostications.

(Click on image to discover parable)

Saturday, November 7, 2009

Mr. Big and Small


"The high-frequency traders largely responsible for these developments now likely represent more than 50 percent of trading volume."
see: rules proposed

Tuesday, November 3, 2009

Monday, November 2, 2009

T.A.R.P. $ Lost


"Shedding 10 billion dollars..."
see video: CIT

Monk of the Month


Your comments,
tips and prognostications.

(Click on image to discover parable

Saturday, October 31, 2009

Tuesday, October 20, 2009

Monday, October 19, 2009

bub,bub,bub...


Recommended Reading
(includes vid of writer)

see: Rolling Stone

Saturday, October 17, 2009

Friday, October 2, 2009

Monk of the Month


Your comments,
tips and prognostications.

(Click on image to discover parable)

Monday, September 7, 2009

At the Movies

WARNING: Revelations of truth
may not be suitable for all audiences
!

see: Capitalism: A Love Story
see: American Casino

Tuesday, September 1, 2009

Monk of the Month


Your comments,
tips and prognostications.

(Click on image to discover parable)

Thursday, August 27, 2009

Back to School


Shiller at Yale
(free Open Lecture on video)
see: Econ252

Monday, August 17, 2009

Up against "The Wall"


"...the future will be for nimble minds."
see: reform

Friday, August 14, 2009

How to Lose Money


A Foreign Currency Story
see: Dejavu again, and again...
see also: How to get over it!

Shameful Hussy loses her Integrity


"...their computers can essentially bully slower investors into giving up profits — and then disappear before anyone even knows they were there."
see: milliseconds

Monday, August 3, 2009

FLASH: A step backwards in trading?


"(Flash orders) electronically recreate the crappy aspects
of the old floor system."

see: privilege

Monk of the Month


Your comments,
tips and prognostications.

(Click on image to discover parable)

Friday, July 31, 2009

A Flash in the Dark


In defence of "seemingly scandalous behavior...",
the separate issue of front running
will get us anyway???

see: the dark order
see also: WSJ

Friday, July 17, 2009

Retail Traders BEWARE!


"...order messages are being broadcast at prices that, effectively, lock protected quotes. This creates an elite tier of traders with access to better-priced orders than those receiving public quotes through the securities information processors, giving flash recipients an information advantage, he said."

see: "Flash Point" and "In-equities"

see also:
Manipulation and Summer Reading and Front-Running

Tuesday, July 14, 2009

Sunday, July 12, 2009

Kiting with the GDP


"If such a view of economic growth is taken seriously, then the logic of the measure would suggest that a good way to achieve economic growth would be to destroy infrastructure such as factories, roads, bridges, houses etc."
see: Dangerous Fallacy

Wednesday, July 8, 2009

Tuesday, July 7, 2009

Wednesday, July 1, 2009

Missing Gold from Royal Canadian Mint

"...not an accounting error"
see: Bloomberg
see: Gold Prices
see also: Onstage in the House

Monk of the Month


Your comments,
tips and prognostications.

(Click on image to discover parable)

Tuesday, June 30, 2009

Canadian Mint Loses Gold worth $15.3M


"It could be the largest gold heist in Canadian history..."
see: Not there, eh?

Saturday, June 27, 2009

Monday, June 22, 2009

Wednesday, June 17, 2009

Wednesday, June 3, 2009

eXTReMe Tracker

What is a Bucket Shop?

"Bucket Shop is a specifically defined term under the criminal law of many states in the United States which make it a crime to operate a bucket shop. [2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market."
see: Wikipedia

The SEC believes that "internalization" is somehow different, and this affects ALL of your online trading, no matter what you are trading. Trades that are executed outside of the exchange, never reaching the main market, effectively hide data from technical analysis, and skew pricing.
see: Not a bucket?


"... internalization hurts retail customers and market quality"

see: EconPapers

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