Things are in place for more of this volatility. The algo's, dark pools, HFT action, NYSE EuroNext nonsense, congressional incompetence, the euro's demise, the list goes on and on. Watch this blame get tossed around. The Nebraskan surely was able to find some buy-points today.
The algo's are alive and well. $16,000,000,000 of the S & P E-Mini's traded in a nanosecond or two.
A beautiful shit-show all around. Thanks Congress, thanks SEC, thanks Obama, thanks NYSE technology, thanks algo's, thanks HFT. The contagion will continue.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now CEO of the Parisian Family Office. A White Earth Chippewa, Dean helped Native Americans for decades. Raised conservative, began Wall Street career in 1982, met game changer William O'Neil in 1984. In a world on a dopamine, hypomanic binge, this is his take on financial chicanery, political crime and life well lived at their Ghost Ranch in MT or Pamelot, the Parisian's TN farm.
Thursday, May 06, 2010
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