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.

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