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Posts Tagged ‘market chaos may 6 2010’

May 6, 2010 Trading Was Crony Capitalism!!

Posted by Larry Doyle on May 7th, 2010 9:27 AM |

While the market is working to digest the better than expected Unemployment Report this morning, put the pom-poms away please. No, I am not negative on the report, I am calling bulls%*# on a crony capitalist system that allows for so-called market exchanges to develop and function as they did yesterday.

Fat finger (meaning a trade size was incorrectly entered)? I do not buy it. I think yesterday was nothing more than so-called liquidity providers engaging in high frequency trading, and taking investors to the hoop in a HUGE way. How so? (more…)






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