I just finished Chapter 11....about the Flash Crash.
Bottomline:
Totally amazing how stupid the SEC is....especially Mary Shapiro.
She is one SFC (stupid..fu... you get the rest)
It's now apparent, especially post-Madoff.....that this gov't entity is totally about politics, not markets...
OK, guys....now what do you think in light of the downgrade ?
Pop on Monday at the open and then a fade ?
That's my call.
This economy is still way too weak for higher interest rates.
QE3 coming soon.
Definitely by Christmas.
by Edgar Perez
Smart guy...and this is an impressive bit of work. It fully explains the "Flash Crash".
One point that really stood out: on that day, one HF trading firm made $100 million !
Looks like another "opportunity" to enter long today.
New lows in TBT for sure....could we get to 27 ?
It's obvious now the economy has over-shadowed any concerns about debt downgrades or defaults.
Once again, let's think about this. Would you take a course to become a brain surgeon if you had carpel tunnel syndrome ?
You might, but the educators, if they were ethical, would tell you up-front: YOU AREN'T QUALIFIED.
I'd say 90% of the people are not qualified to trade their own account.
Well, it's apparent in this trade that the worst-case scenario has occurred. There is a huge flow of funds out of equities and into bonds.
However, the questions are: how long will this last; how far can this go ?
Powerpivot coupled with SQL Server is your best solution. I've heard it can handle 20+ million rows with ease. The key is the summarizing and filtering via the Pivot.