CALIBRATED CONFIDENCE

GOOG Faceplant

2013-04-22T11:02:00.002-04:00

Google Face plant:

The Collapse Of Index Price Representing Fundamental Activity

2013-04-19T17:05:00.002-04:00

The world's hubris continues to march on. Mathematics continue to skew the true representation of the metrics being measured (ie U/E down as Participation Rate drops) and this is captured beautifully in the chart below. Articles being pumped out by sites seeking revenue through click-bait are driving this internet reading, algo-driven, and fragmented market (we are now in the 2nd Degree of Fragmentation). Getting a read on real price is a pain in the ass and just like in 2007/2008 once someone figures out the real value (which is closer to a S&P Index value of 1450) prices will collapse faster than the MBS value Lehman had on their B/S.

Happy Birthday Federal Reserve

2013-04-14T17:07:00.001-04:00

We are in the FEDs centennial year. It's no secret that finance is all a game of hide the debt. Each year, we have a mass of indebted business students released into the working world with only the knowledge that has been beaten into their heads revolving around the discoveries of some other, perhaps smarter, people.

Bob Greifeld, Nasdaq Moron Still 9 Months After Roger McNamee States They "Are Not Good Guys"

2013-04-02T08:15:00.002-04:00

Nasdaq CEO Bob Greifeld, the brilliantly idiotic fool. This jabroni apparently didn't take Financial Modeling or Accounting base level courses in high school or college for that matter. What an embarrassing individual. For a man with his earnings, he sure is a cretin of the muttonhead genus in the ignoramus species.

Reminder that Roger McNamee doesn't think NASDAQ are good guys. We ought to negate everything this empty suit says going forward....

Vacuum Tubes Ramp And Camp

2013-03-28T15:25:00.000-04:00

Proof of the computer driven late ay ES ramp and camp. Note the "on the second" command to issue quotes. The period in question is within the first group of vertical bars and again inside the second group:

Old Friend

2013-03-25T20:22:00.000-04:00

Our group has lost a lot of friends since 2001. Those who remain have a closer bond than ever before. One year ago, somewhere around this time, I was one of the first to learn of our friends murder in Afghanistan. In early March last year an American soldier killed 16 Afghans in a rampage. Two weeks later, at a checkpoint being managed by one of the Afghans being trained by Billy's group, allowed SSG Wilson to walk pass only to shoot him 3 times from behind. It fucked us up a little and we haven't forgot our other friends, especially those not listed who did make it back somewhat unscathed. For the day, I've changed some Twitter images in honor.

The Business Man

2013-03-17T16:13:00.005-04:00

The ECB's "servicing" of Cyrpus accounts reminds me of this Carlin bit

Free Chapter of Haim Bodek's Book "The Problem of HFT"

2013-03-13T20:33:00.000-04:00

First Chapter of The Problem of HFT for free from Amazon. Enjoy the tease.

We Have A Greed With Which We Have Agreed

2013-03-11T19:39:00.001-04:00

"The only fully adequate data currently available for academic research on high- frequency trading come from regulatory records that the Chicago Mercantile Exchange provides to the U.S. Commodity Futures Trading Commission"

This is a sentence from the first page of a newly released white paper on HFT and Exploratory Trading. You may remember reading the article from Bloomberg where the CFTC suspended their academic research program because of data handling concerns. Funny how when it's the regulators data they get in a tissy but when its traders complaining about data handled incorrectly it falls on deaf ears

Charts At A Glance

2013-03-06T19:19:00.003-05:00

The market is running on fumes. Volume is scarce and we're still waiting on all that "side-line" cash to jump in at any moment here.

Liquidation Front Run

2013-02-28T14:38:00.002-05:00

If you want to front run Ackman's liquidation to maintain his HLF fight, here you go:

Call Me Maybe

2013-02-28T10:29:00.000-05:00

My charts. I left the Zerohedge source link, they aren't stolen.

Obama Thinks This Is A Problem

2013-02-27T21:33:00.001-05:00

"SEC Speaks" Conference

2013-02-26T08:24:00.001-05:00

For an SEC that is attempting so hard to prove itself to be relevant and necessary they sure are missing the ball about what is most problematic to our markets. On February 22-23, 2013 the SEC held the annual “SEC Speaks” conference and disclosed its enforcement initiatives:

Expanded Quote to Trade-Value Data Yesterday

2013-02-26T08:07:00.001-05:00

Beautiful collapse yesterday in the equity complex. Oddly, as I monitored the market from my portable device, I couldn't help but notice the patterned trading in SPY given the plots on the 1 minute chart. Today, that price movement makes sense as Nanex has just released an updated Quote/Trade chart which highlights the material growth in activity at precisely 10:35.

Game Theory of Ethics

2013-02-23T18:16:00.000-05:00

SEC's National Exam Program

2013-02-23T09:54:00.001-05:00

A mere 6 years after the SEC unleashed a wrath of destruction upon unknowing investors, the OCIE has now determined they should probably stop circling jerking while watching Brazzer's streaming videos. The zombie agency who has been asleep at the wheel since REG-ATS and missed the entire reconstruction of US equity markets by high volume promising, Guaranteed Economics seeking firms looking to promise the long sought after liquidity in exchange for privileged access to order types, information, and latency. Via the SEC's NEP 2013 Priorities Release:

FOMC Minutes Word Cloud

2013-02-20T13:56:00.000-05:00

FOMC word cloud

Things That Make You Go....WTF!?

2013-02-19T18:21:00.003-05:00

Amazing Video of Russian Meteor Shower

2013-02-15T01:31:00.002-05:00

Amazing video has been released regarding a meteor shower in Russia over the past few hours. The videos show meteor debris flying through the air, leaving trails and crashing through windows. In the Russian region of Urals "bright objects" have been reported from citizens and many have recorded video. Reuters has a witness in Chelyabinsk reporting that there was a shockwave within a 19-story building in the center of town. The "meteorite rain" has been confirmed by a Russian emergency official, citing a blast at 10,000-meters (32.8K feet) according to the Chicago Tribune.

Altered Photo's

2013-02-05T12:41:00.002-05:00

Who actually listens to the White House anymore after the hypocrisy of the Fast and Furious, the ban on assault rifles, and the subsequent Homeland Security purchase of 7,000 assault rifles? Idiots. Did they actually think the interwebs were going to listen? Especially after what Annon did.

Global Underwater Cable System

2013-02-04T16:36:00.001-05:00

We all know Wall Street love affair with the limit on the speed of the universe. Below is an still image followed by interactive map highlighting the globe's underwater cable system. Aside from the absurdity of using drones, Wall Street is expected to take this further than just a few cables under the water. I'd expect within a short enough time period that civilians will be forced to wear a Tradeworx chip so we can transfer trade signals faster, or something pathetically absurd like that. They'll have the money to do it too, the SEC is practically pissing it away on MIDAS.

10:29 Nat Gas Event on January 31, 2013

2013-01-31T11:13:00.002-05:00

Today's Natural Gas event brought to you in 3-D by Nanex, bitchez.

The HFT Order Type Debate

2013-01-29T12:44:00.004-05:00

Only comment, ban locked markets.

The Cartridge Family

2013-01-18T14:21:00.000-05:00

This won't be another rant. 20+ kids die during a shooting rampage carried out with a Bushmaster AR-15 and some handguns and the nations swiftly moves to outlaw assault weapons. This only a year after Fast and Furious in which our very own Attorney General Eric Holder used our government organizations which are funded through tax payers to sell guns to Mexican gangs (apparently 28,000 gang related deaths wasn't enough for the US). The country found out about it and in a effort to learn more, asked for the government documents relating to Fast an Furious.