Thursday, May 06, 2010

Market melt-down

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.

No comments:

Native American Advisors CHIPPEWA PARTNERS

My photo
CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173