Posts Tagged ‘The Wall Street Journal’
Posted by Larry Doyle on April 3rd, 2014 10:38 AM |
In what might read as a prologue for my book, none other than the Wall Street Journal writes today that the real villains in the ongoing high frequency trading debate are our financial regulators.
Truer words were never spoken.
While America is fed a steady diet of technical terms on latency, co-location, and the like, let’s redirect the focus to where it really belongs, that is a financial regulatory system that has served to promote and protect Wall Street rather than upholding its mandate to protect investors. The evidence is overwhelming and there is very real corruption that has transpired in the process.
As the WSJ concludes:
. . . if New York Attorney General Eric Schneiderman and others looking for headlines want to string up high-speed traders, honesty requires them to put the regulators at the front of the rope line.
Now that’s what I’m talking about.
Let’s start with an independent investigation with the power to subpoena. Then get Chris Cox and Mary Schapiro in here.
Larry Doyle
Please order a hard copy or Kindle version of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy.
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The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.
Tags: Chris Cox, financial regulators are real hft villains, financial regulatory system, hft WSJ editorial, High-Speed Politics, in bed with Wall Street, Mary Schapiro, The Wall Street Journal, The Wall Street Journal High-Speed Politics
Posted in General, high frequency trading | 4 Comments »
Posted by Larry Doyle on August 6th, 2010 1:05 PM |
Think the structure of the equity markets is broken? With the preponderance of equity volume now dominated by high frequency trading and true retail investors fleeing in droves, what do people think the chances are that we could experience another Flash Crash as we saw on May 6th?
Last evening, The Wall Street Journal ran an online poll on this topic in Legacy of the ‘Flash Crash.’ I have to admit, I was surprised by the results. Did you get concerned witnessing the 1000 point ‘whoosh’ in a very short time period on May 6th? An overwheming number of pollsters believe it can happen again.
With our computer-drive stock market, could a “flash crash’ happen again?
(more…)
Tags: blog to help understand Wall Street, blogs for investor protection, blogs helping investors, blogs to help understand markets, computer driven trading, could flash crash happen again, equity market structures, Equity Markets, Financial Times, flash crash may 6 2010, for profit equity exchanges, help with understanding economy, help with understanding markets, high frequency trading, investor protection, Larry Doyle, LD, Legacy of the Flash Crash, Sense on Cents, structure of equity markets, The Wall Street Journal, Trading Volumes Retreat with Investor Trust, websites for investor protection, websites helping investors, what happened in flash crash may 6 2010, what is over the counter market, where can I get help, WSJ, WSJ online poll May 5 2010
Posted in Equity Markets, General | 5 Comments »
Posted by Larry Doyle on July 9th, 2010 10:23 AM |
The Wall Street Journal just released a fabulous interview with Stephen Roach, chairman of Morgan Stanley Asia and soon to transition to Yale University. Roach has always been one to speak his mind, but he strikes me as being even more forthcoming in this interview. What does Roach have to say? Let’s navigate, Stephen Roach: The Alan Greenspan of Asia?,
On the likelihood of a “double-dip” in the U.S.:
Roach: I’d give it a higher probability than most, maybe 40% at some point over the next year. We have a weak recovery, weak labor market, weak consumer purchasing power…and a consumer that’s unable to rely on property and credit bubbles to support consumption anymore. So if you have a disappointing consumer and any kind of unexpected shock you could go down again. […] Double-dips are not as infrequent as you might think…Weak recoveries leave you vulnerable to shocks. (more…)
Tags: Alan Greenspan of Asia, Stephen Roach, Stephen Roach interview July 9 2010, Stephen Roach on China economy, Stephen Roach on double dip recession, Stephen Roach on fiscal austerity vs fiscal stimulus, The Big Interview with Stephen Roach, The Wall Street Journal
Posted in General | 1 Comment »
Posted by Larry Doyle on May 26th, 2010 12:31 PM |
Confidence in the markets and the economy is ultimately a function of truth, transparency, and integrity.
The reason global investors have such little confidence currently is due to the very simple fact that both the financial industry and their government counterparts have not promoted practices which embrace these cherished principles.
That is not to say that each and every individual in the financial industry or in government does not try to promote these values. In fact, I believe the overwhelming majority of people on Wall Street and in the global markets do embrace these values, but they are not in a position to speak out when the principles are violated. I love it when I come across people who possess the courage and are unencumbered to speak out for the truth, transparency, and integrity our markets, our country, and our world so badly need. Like who? (more…)
Tags: BATS, Chi-Delta, Chi-X, dark pools in Europe, equity exchanges in America, Financial Times May 26 2010, flash crash, FT, hft, high frequency trading, Joe Saluzzi of Themis Trading, market transparency, MTFs on London Stock Exchange, NASDAQ, The Wall Street Journal, Trust in Dark Pools is Dented FT
Posted in Equity Markets, General, Joe Saluzzi | 1 Comment »
Posted by Larry Doyle on March 9th, 2010 12:04 PM |
People in glass houses should not throw stones.
That simple piece of wisdom is both timeless and precious. Regrettably, too many in our media fail to uphold it. Where do I see evidence of it today?
The Wall Street Journal today runs a book review of Harry Markopolos’ recently released No One Would Listen. The reviewer is Richard J. Tofel of ProPublica, a nonprofit investigative-journalism newsroom. Tofel does not denigrate Harry’s work, but he emasculates Harry from a personal standpoint. (more…)
Tags: ARPS, ARS, book review No One Would Listen, FINRA, Harry Markopolos, Madoff investigation, Madoff Whistleblower, No One Would Listen, people in glass houses, Richard J. Tofel of Propublica, Richard J. Tofel's review of No One Would Listen, Richard J.Tofel, Russian mob in Madoff scam, SEC, The Wall Street Journal, Tofel writes of Harry Markopolos, Wall Street Journal book review of No One Would Listen, whistleblowers
Posted in General, Harry Markopolos | 5 Comments »
Posted by Larry Doyle on January 4th, 2010 9:47 AM |
For those who missed last evening’s No Quarter Radio’s Sense on Cents with Larry Doyle Hall of Fame and Shame Induction, I am compelled to provide a recap and listing of all those honored or dishonored — depending on one’s perspective. What was the measuring stick to make these assessments? Very simply, the pursuit and promotion of truth, transparency and integrity as we navigate the economic landscape.
Some names you will immediately recognize, others you may not. Additional information about these individuals can be found via the search window (located above the right sidebar) at Sense on Cents. The names appear in no specific order of priority or importance. With no further adieu . . .
Sense on Cents 2009 Hall of Shame Inductees
1. Bernie Madoff
2. Nicholas Cosmo: ran financial scam at Agape World
3. Tim Geithner: tax cheat amongst other things
4. Larry Summers: arrogant, condescending, and sleep deprived
5. Auction-Rate Securities dealers and managers, especially Oppenheimer Holdings, E-Trade, Schwab, Pimco, Van-Kampen, Blackrock
6. The Wall Street Journal
7. George Soros
8. Chris Dodd (D-CT): reasons too numerous to mention
9. The Board of FINRA
10. Franklin Raines and Leland Brendsel: former CEOs of Fannie and Freddie
11. Wall Street management, especially Lloyd Blankfein of Goldman Sachs
12. Frank Dipascali: a special place in hell for Madoff’s CFO
13. Rahm Emanuel
14. Jimmy Cayne: CEO of Bear Stearns
15. Dick Fuld: CEO of Lehman Bros.
16. Congress collectively
17. Barney Frank (D-MA): reasons too numerous to mention, but start with “I want to roll the dice…”
18. Bank Stress Tests: a total sham
19. Allen Stanford
20. Steven Rattner: car czar
21. Bruce Malkenhorst: receiving a 500k pension from Vernon, CA
22. Barack Obama: just another politician (more…)
Tags: Acorn, Allen Stanford, Andrew Madoff, Angelo Haligiannis Ponzi scheme, Arianna Huffington, auction rate securites dealers, Bank Stress Tests, Barack Obama, Barney Frank, Ben Nelson, Bernie Madoff, Board of FINRA, Bob Rodriguez of FPA, Bruce Malkenhorst, Canadian Prime Minister Stephen Harper, Carmen Reinhart, cash for clunkers, Charles Bowsher, Charlie Doyle, Chris Cox, Chris Dodd, Chuck Schumer, Clifford S. Asness, Cohmad Securities, Colonel Elton Johnson Jr., Congress, Daniel Hannan, Dennis Kucinich, Dick Fuld, Edward Liddy, Elizabeth Warren, Erin Arvedlund, financial media, financial regulatory reform, Frank DiPascali, Franklin Raines and Leland Brendsel, George Soros, Goldman Sachs, Harvey Pitt, Helen Davis Chaitman, Helmut Kiener, Howard Kastel, incest between Wall Street and Washington, Jeff Gundlach, Jeffrey Picower, Jimmy Cayne, Joe Saluzzi, Joe the Plumber, John Edwards Mark Sanford Rod Blagoevich, John Mauldin, john wooden, Jonathan Cuneo, Jonathan Weil of Bloomberg, Judge Jed Rakoff, Judge Lawrence McKenna, Kenneth Rogoff, Larry Johnson, Larry Summers, Laurie Goodman of Amherst Securities, Lew Rockwell, Lloyd Blankfein CEO of Goldman Sachs, Madoff family, Mark Madoff, Marta Mossburg, Martin Feldstein, Mary Landrieu, Mary Schapiro, media in America, Mike Duggan of Domus, Nicholas Cosmo of Agape World, Oppenheimer Holdings E-Trade Schwab Pimco Van-Kampen Blackrock, Paul Keating, Paul Volcker, Pete Peterson Genevievette Walker-Lightfoot, Peter King, Peter Madoff, Peter Weinberg, Phil Trupp, PPIP, Raj Rajaratnam of Galleon Group, Rham Emanuel, Richard Greenfield, Richard Ketchum, Robert Benmosche, Robert Jaffe, Robert reich, Robert Rubin, Ronnie Sue Ambrosino, Ruth Madoff, Sean D'Arcy, SEC, Sense on Cents 2009 Hall of Fame Hall of, Sense on Cents 2009 Hall of Shame, Shana Madoff, Shelia Bair, Sin-Ming Shaw, SIPC, Sonny and Marcia Cohn, Steven Rattner, Susan Antilla of Bloomberg, Taylor Bean Whitaker, Tea parties, Thaddeus McCotter, The Wall Street Journal, Themis Trading, Thomas Hoenig, Tiger Woods, Tim Geithner tax cheat, Tom Lauria, truth transparency and integrity, Wall street management, Walter Noel, William K. Black
Posted in General, Sense on Cents | 31 Comments »
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