Parisian Family Office CEO. Founder of CHIPPEWA PARTNERS, Native American Advisors, Inc., Registered Investment Advisor. White Earth Chippewa, educated conservative, raised on Indian reservations across Great Plains. Began Wall Street career in 1982. Always been, will always be, an optimist. Pureblood, clot-shot free. In a world on a dopamine binge, this is his take on life. Written at the Ghost Ranch in MT, Pamelot, their TN farm or winter home in San Jose del Cabo, Mexico.

Wednesday, August 01, 2012

Brain dead in St. Louis.........

Dave Lutz, the managing director of U.S. trading at Stifel Nicolaus in Baltimore, cautions investors not to over-react to events like the Knight mistake today.

"A lot of people seem to think it was human error. At the end of the day it wasn't necessarily a failure of systems," he said. "It's not a reason for people to lose confidence in the markets."

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