major major major major story...this quant program has been the one running the market up the last few months
probably why the nyse stopped reporting program trading volume last week after years of doing a weekly report
also probably why the NYSE extended the trading day on thurs 15 minutes after the servers shut down ------------- time to get short. this GS quant code held the market up on low volume days since march
the pattern has been low volume, up day, high volume down day. GS has been propping the mkt up...or government, not goldman. whatever, they are the same
happy trading and forgive my tin foil hat but there's no other explanation for anything these days
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major major major major story...this quant program has been the one running the market up the last few months
probably why the nyse stopped reporting program trading volume last week after years of doing a weekly report
also probably why the NYSE extended the trading day on thurs 15 minutes after the servers shut down ------------- time to get short. this GS quant code held the market up on low volume days since march
the pattern has been low volume, up day, high volume down day. GS has been propping the mkt up...or government, not goldman. whatever, they are the same
happy trading and forgive my tin foil hat but there's no other explanation for anything these days
I am trying my hardest to connect the dots on that site, it is difficult.
So some ex-top exec at GS who left potentially took GS's code and uploaded it to some site in Germany?
How exactly will this destroy GS? If that code is stolen, they modify and use a new code, they lose the advantage of that code but they will develop a new code.
If anything I would think that GS will sue the crap out of that guy and he will go to jail.
The non-report info and the high percentage of trading from program trading might have to do with summer volumes and retail guys sitting on their hands...
I dunno..
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I am trying my hardest to connect the dots on that site, it is difficult.
So some ex-top exec at GS who left potentially took GS's code and uploaded it to some site in Germany?
How exactly will this destroy GS? If that code is stolen, they modify and use a new code, they lose the advantage of that code but they will develop a new code.
If anything I would think that GS will sue the crap out of that guy and he will go to jail.
The non-report info and the high percentage of trading from program trading might have to do with summer volumes and retail guys sitting on their hands...
that could be correct but we dont know how long they will keep buying futures. Relative margin rules on institutional futures isnt much and if they want it higher it can keep going.
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Koaj,
that could be correct but we dont know how long they will keep buying futures. Relative margin rules on institutional futures isnt much and if they want it higher it can keep going.
Dow Jones headline @ 9:30 edt wednesday. "GATA urges SEC, CFTC to investigate Goldman Sachs' trding program". stock down 6.60 on the day and 11+ the last two
GS is a major FAS-FAZ holding.
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Dow Jones headline @ 9:30 edt wednesday. "GATA urges SEC, CFTC to investigate Goldman Sachs' trding program". stock down 6.60 on the day and 11+ the last two
how do you think GS was able to pay more in bonuses this year than ever before?
wall - not front running their own retail orders...front running every single order on the NYSE. if the allegations are even close to true, their quant code was able to intercept (or helped intercept) orders and determine which to front run and which not to
probably why the NYSE went down last thursday and why the NYSE stopped reporting program trading stats last week
oh the pres of the nyse is ex GS (20 years)
off to my tin foil hat meeting
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rink - this goes beyond FAZ
how do you think GS was able to pay more in bonuses this year than ever before?
wall - not front running their own retail orders...front running every single order on the NYSE. if the allegations are even close to true, their quant code was able to intercept (or helped intercept) orders and determine which to front run and which not to
probably why the NYSE went down last thursday and why the NYSE stopped reporting program trading stats last week
Crazy crazy stuff. If the trampling of bankruptcy laws wasn't enough to ensure the flight off the little private capital left in the system, this should do it. I fear of the implications that this might have, but God knows that the mainstream media's coverage of this would have you think that this couldn't be more inconsequential. Scary stuff.
Beyond this, Koaj, I wanted to get your opinion on Karl Denninger. I've been reading him for the last six months, per your recommendation. I really can't thank you enough because it's been an invaluable source of learning during such a confusing, chaotic time. However, recently, as I've become more indoctrinated with the realities of today's marketplace, it seems like he's too much of a radical. His suggestion that spending must stop completely, that the debt needs to be put out in the open and defaulted upon. this isn't a viable solution in any regard. Doing so, would entail the collapse of society and government as we know it. This is not optimal (for anyone, including Denninger). So, as Game Theory would predict, spending (at all levels) becomes the dominant play.
So, in my long-winded, round-about-way, what I'm asking: Do you buy-in to everything KD puts forth? His message board wreaks of a fascist state full of brain-washed minions. His recent run-in with iBankCoin about the Golden Cross and his response makes him seem like even more of a power-tripped guy. Now, he's getting airtime on CNBC. What do you think? I've started focusing more on more mild-tempered, even-kealed guys like Rolfe Winkler (formerly of Option Armageddon) and ZeroHedge. They seem more interested in discussion and sharing of ideas, not KD's tyranny of propaganda.
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Crazy crazy stuff. If the trampling of bankruptcy laws wasn't enough to ensure the flight off the little private capital left in the system, this should do it. I fear of the implications that this might have, but God knows that the mainstream media's coverage of this would have you think that this couldn't be more inconsequential. Scary stuff.
Beyond this, Koaj, I wanted to get your opinion on Karl Denninger. I've been reading him for the last six months, per your recommendation. I really can't thank you enough because it's been an invaluable source of learning during such a confusing, chaotic time. However, recently, as I've become more indoctrinated with the realities of today's marketplace, it seems like he's too much of a radical. His suggestion that spending must stop completely, that the debt needs to be put out in the open and defaulted upon. this isn't a viable solution in any regard. Doing so, would entail the collapse of society and government as we know it. This is not optimal (for anyone, including Denninger). So, as Game Theory would predict, spending (at all levels) becomes the dominant play.
So, in my long-winded, round-about-way, what I'm asking: Do you buy-in to everything KD puts forth? His message board wreaks of a fascist state full of brain-washed minions. His recent run-in with iBankCoin about the Golden Cross and his response makes him seem like even more of a power-tripped guy. Now, he's getting airtime on CNBC. What do you think? I've started focusing more on more mild-tempered, even-kealed guys like Rolfe Winkler (formerly of Option Armageddon) and ZeroHedge. They seem more interested in discussion and sharing of ideas, not KD's tyranny of propaganda.
PP21 - you need to check the Denninger forums as well. do i buy into everything that anyone says? no
however in the last two years there have been people who are honest and looking for truth and people who are complete idiots and do not understand that the world has changed for good and it was an overnight change at that
denninger is in the first camp with very few others
i read zerohedge and dealbreaker also
as far as the fleeing of private capital. i do buy side sales and can tell you that there are a number of hedge funds that ive dealt with or am dealing with who have left the equity markets completely. mutual funds arent going anywhere but the hedges are leaving for fixed, corp debt, and bank loans. many of them know whats coming from this Red Administration
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PP21 - you need to check the Denninger forums as well. do i buy into everything that anyone says? no
however in the last two years there have been people who are honest and looking for truth and people who are complete idiots and do not understand that the world has changed for good and it was an overnight change at that
denninger is in the first camp with very few others
i read zerohedge and dealbreaker also
as far as the fleeing of private capital. i do buy side sales and can tell you that there are a number of hedge funds that ive dealt with or am dealing with who have left the equity markets completely. mutual funds arent going anywhere but the hedges are leaving for fixed, corp debt, and bank loans. many of them know whats coming from this Red Administration
pp - regarding the spending, i would say he's right on. all of it needs to stop immediately. all government spending does is add onto the nations debt, nothing else
on the KD forums, dont just read the ticker forum, but theres a breaking news section, fed-up section...a lot of good stuff and very smart people
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pp - regarding the spending, i would say he's right on. all of it needs to stop immediately. all government spending does is add onto the nations debt, nothing else
on the KD forums, dont just read the ticker forum, but theres a breaking news section, fed-up section...a lot of good stuff and very smart people
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