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Archive for August, 2009

Reminder: Sense on Cents Interviews Joe Saluzzi Regarding High Frequency Program Trading
Sunday Night at 8PM

Posted by Larry Doyle on August 1st, 2009 7:40 PM |

UPDATE: The show has concluded. Please utilize the following link for a full Review of Sense on Cents Interview with Joe Saluzzi on High Frequency Trading .

Or you can listen to a replay using the audio player below. We had some technical difficulties at the start of the show, so advance the audio player to the 8 minute, 57 second mark, at which point the show begins.

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High frequency program trading is the single hottest topic on Wall Street today. No individual has generated greater focus on this topic than Joe Saluzzi of Themis Trading.

I look forward to interviewing Mr. Saluzzi this Sunday evening, August 2nd from 8-9pm on NoQuarter Radio’s Sense on Cents with Larry Doyle.

This show will comprehensively cover the gamut of issues and topics involved in this highly controversial trading activity. Does high frequency program trading engage in front-running? Are retail and institutional investors disadvantaged? Are the exchanges and regulators looking the other way? What were the developments in the marketplace which brought us to this point?

NQR’s Sense on Cents with Larry Doyle will address these questions and more with the man ‘in the arena’ and at the center of the debate, Joe Saluzzi.

The show is available as a podcast on iTunes, and also archived in an audio player right here at Sense on Cents so it should serve as a tremendous informational resource as we continue to navigate the economic landscape.

Please share with friends and colleagues.

LD

Related Sense on Cents Commentary:
“High Frequency Trading Debate: Mano a Mano” July 24
“Is Uncle Sam Manipulating the Equity Markets?” July 1

Arianna Huffington Agrees with Sense on Cents

Posted by Larry Doyle on August 1st, 2009 4:04 PM |

Regardless of what you may think about Arianna Huffington or her politics, I strongly encourage you to review this recent Bloomberg interview. She addresses the incestuous nature of the relationship between Wall Street and Washington. This perspective gets little to no air time from major media outlets. In my opinion, this big money relationship rests at the core of many serious problems in our country today.

The two video clips run less than ten minutes. Please view them from a macro- perspective and assess what they mean for our country going forward.

All comments encouraged.

LD

Related Sense on Cents Commentary:
   “Crony Capitalism”
   “How Wall Street Bought Washington”
   “Legalized Bribery”

Part I

Part II

   

July 2009 Market Review

Posted by Larry Doyle on August 1st, 2009 12:20 PM |

In the process of reviewing price action across the entire spectrum of global equity, bond, and commodity markets, I am struck by one simple fact: virtually every market segment went up in value in July. That sort of price action in a challenged economy is uncommon, if not irrational.

Is this price action a sign of an incipient turn in the economy? Will we continue to rally? Are we going to have a V-shaped recovery? Come on back in, the water’s fine? What recession? Hardly.

I continually see the battle royale between the bulls and the bears in the markets. I truly believe we are entering into a new global economic norm and, as such, before we are able to thrive we need to survive. Thus, in  my opinion, while others may consider themselves bulls or bears in terms of the markets and economy, I would classify myself as an animal which wants to aggressively survey the landscape, strengthen my reserve, increase my store of value (savings), and judiciously put some small stakes (investments) to work knowing that there remain real risks on the horizon. For lack of a better term, call me a friendly fox.

Without further delay, let’s assess the July 2009 Market Review:

I have added a few indices to take a more comprehensive view of the markets. These indices include: DJ-Global ex U.S., an emerging market index (MSCI), a commodity index, and a U.S. dollar index. I hope readers find these helpful.

Let’s grade my calls from last month, at which point I wrote: (more…)






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