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OK, something is not adding up here. I will bet my right nut that this story is completely phoney. There is not a market making firm on this planet that would put an intern on a seat. For one, they have to own the seat for him to make markets on it. That is a huge expense and no intern...

You are an intern and they are putting you on a seat? WTF. I'm curious, which firm is this?

This is absurd. You are going live without shadowing a senior trader? Usually you spend 12 to 18 months working underneath a trader so you learn the mechanics of making markets. Making markets is very formulaic and structured. Once you learn this as an assistant then going live should not...

They will be priced off the short term vix index which is a separate index from the regular 30 day vix. The short term index is a 9 day vol strip.

Just some trivial news to report for here: Weekly VIX options about to launch soon as well as a VIX on Treasuries.

They provide a service. A very simple service but effective one. They allocate your money according to your age and desired risk levels and probably have some sort of automatic deposit program set up so that 10% of your paycheck every month goes into the account. You don't have to deal with...

The Unseen costs of the minimum wage... A recent article at US News and World Report by Pat Garofalo quotes Associated Press writer Christopher Rugaber who says that “US states that boosted their minimums at the beginning of the year, the number of jobs grew an average of 0.85 percent from...

Spitznagel: I see the whole “r>g” [meaning return on capital is greater than the rate of growth] thing as taking bubble observations and rationalizing their extrapolation forever, thus simultaneously neglecting both the incidence of asset bubbles and what’s so bad about them. Such enormous...

pitznagel: Well, while some have recently and rightfully criticized Piketty’s cherry-picked data and other empirical defects, to me his principal problems are conceptual — specifically his reliance on a very fast-and-loose model of what capital is and how it contributes to the economy. In his...

Taleb: Did you consider simple remedies such as decentralization? Spitznagel: When you understand the problem of centralized power in general, then the specific problem of central banking is just a particular example. What more centralized economic authority is there than the manipulation of...

Inequality, Free Markets, and Crashes Nassim Taleb and Mark Spitznagel talk about how government intervention postpones the inevitable. By Nassim Taleb & Mark Spitznagel Mark Spitznagel and Nassim Taleb started the first equity tail-hedging firm in 1999. Since then these two friends and...

Yes, but they are not doing anything. Their goal is to scale above a trillion. Nobody is trading. There are no analysts. The program runs itself.

I don't think you understand. They are NOT trying to beat the market. Why is this so hard for you to understand. In fact, they are actually stating that. Their whole premise is that "no one" can beat the market. What they ARE doing is simply providing standard vanilla index allocation...

No, the banks own the inventory and the hedge funds want it. The hedge funds are now "the" largest net buyer of real estate in the country. The banks already know "who" they are going to sell to and "they" are going to reap the "financing" benefits for the hedge funds. Think back to LTCM...

There "is" a large cloud inventory. But that is because the banks have turned the homes into bonds and are just stripping the yield off of them. Rents are going up everywhere and a well diversified housing portfolio beats the shit out of treasuries and even preferreds. And here is the...

No, that is not what is happening. You actually ARE getting an immediate fill. However, the problem is your quote is slow. For example, say CL is 95.10 and you want to buy at the market. The market is actually trading 95.13 even though your broker is showing 95.10. You actually ARE...

Yeah definitely not predictive. It does show you though that most of the retail crowd is not even involved in the market. Usually people watch CNBC because they have skin in the game. If they are not involved, no reason to watch.

Almost a perfect inverse correlation to the market.

Nice little over view on YTD performance of various sectors and markets courtesy of Bespoke Investment Group.

Actually I would not describe the IBD 50 as hot stocks. I think they "become" hot as part of a natural process. The IBD 50 stocks usually have massive sales growth and are fairly low in market cap which creates an environment for a stock to launch from. Plus the IBD 50 is very widely...