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The Big Short is a Great Movie, But…

The Big Short is a Great Movie, But…   Paris — Michael Lewis is the chronicler of Wall Street.  He takes the complexity behind which the inhabitants of the financial world hide and weaves a tale that is both understandable and compelling.  Starting with the classic “Liars Poker” (1989), Lewis has produced a number of books about […]

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The HFT “Treasure Map” – Presenting The Rigged Stock Market’s Full “Latency Abritrage” In One Chart

The HFT “Treasure Map” – Presenting The Rigged Stock Market’s Full “Latency Abritrage” In One Chart Last week, when poring through the SEC’s complaint over ITG’s criminal frontrunning of client order flow in a “experiment” prop trading group within its Posit dark pool known as “Project Omega”, we clearly laid out the “criminal fraud” that allowed […]

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What In The World Just Happened To The New York Stock Exchange?

What In The World Just Happened To The New York Stock Exchange? Do you believe that the New York Stock Exchange shut down because of a “technical glitch” on Wednesday?  At 11:32 AM on Wednesday morning, trading on the New York Stock Exchange was halted due to “internal technical issues”, and it did not resume […]

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How Much More Extreme Can Markets Get?

How Much More Extreme Can Markets Get? These charts help us understand that a top is not just price, but a reversal in extremes of margin debt, valuation and sentiment. In blow-off tops, extremes of valuation, complacency and margin debt can always shoot beyond previous extremes to new extremes. This is why guessing when the blow-off […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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