On Monday, the NYSE had problems transitioning securities to their new matching engine, dubbed “universal trading platform” or UTP. The glitch, which hit shortly after the closing bell, caused other exchanges, from BATS and Nasdaq to Direct Edge and even NYSE’s own Arca electronic exchange, to stop routing orders via the NYSE.
It's coming boys and girls. It will be a cluster like none other.
Just wait and see.
When algo chaos, speed, for-profit exchanges and greed all collide at warp speed.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.
Monday, November 12, 2012
Veterans Day in America, 2012
Is this the 2012 version of the rugged individualism that so many fought and died for?
Give a man a fish he eats for a day.
Give a man a welfare check, a free cellphone, SNAP cards, EBT, Section 8
housing with flat screen, a six-pack of beer and he'll vote Democrat the rest of
his life.
Forget teaching a man to fish. That's too Tea or Republican.
Friday, November 09, 2012
Trading mayhem or simply Corzined?
Is Matthew Marshall Taylor related to Joseph Jett?
This fiasco at Goldman reminds me of the Kidder fiasco.
At least a piddly little trading loss under $200,000,000 didn't Corzine the firm.
Rochdale was Corzined. MF Global was Corzined.
With the party of Santa Claus running the show now, maybe America will be Corzined much sooner.
Sit tight folks. It's coming far faster than you think.
This fiasco at Goldman reminds me of the Kidder fiasco.
At least a piddly little trading loss under $200,000,000 didn't Corzine the firm.
Rochdale was Corzined. MF Global was Corzined.
With the party of Santa Claus running the show now, maybe America will be Corzined much sooner.
Sit tight folks. It's coming far faster than you think.
The Party of Christmas at the Obama House.......
How could Romney possibly compete with Santa Claus?
http://www.youtube.com/watch...
ROGULSKI: Why are you here?
WOMAN #1: To get some money.
ROGULSKI: What kind of money?
WOMAN #1: Obama money.
ROGULSKI: Where's it coming from?
WOMAN #1: Obama.
ROGULSKI: And where did Obama get it?
WOMAN #1: I don't know, his stash. I don't know.(laughter) I don't know where he got it from, but he be givin' it to us, to help us.
WOMAN #2: And we love him.
WOMAN #1: We love him. That's why we voted for him!
WOMEN:(chanting) Obama! Obama! Obama!(laughing)
http://www.youtube.com/watch...
ROGULSKI: Why are you here?
WOMAN #1: To get some money.
ROGULSKI: What kind of money?
WOMAN #1: Obama money.
ROGULSKI: Where's it coming from?
WOMAN #1: Obama.
ROGULSKI: And where did Obama get it?
WOMAN #1: I don't know, his stash. I don't know.(laughter) I don't know where he got it from, but he be givin' it to us, to help us.
WOMAN #2: And we love him.
WOMAN #1: We love him. That's why we voted for him!
WOMEN:(chanting) Obama! Obama! Obama!(laughing)
Thursday, November 08, 2012
Apple, Angel of Death.......
Apple shares are a wonderful example of what small doors and large crowds can accomplish.
Mark Faber speaks............
Faber on President Obama’s reelection:
“I am surprised with the reelection of Mr. Obama. The S&P is only down like 30 points. I would have thought that the market on his reelection should be down at least 50%...I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn't care about piling up debt. You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly.”
On where he sees the equity markets given Obama’s reelection:
“You have offsetting factors. The problem with Mr. Obama is that you get more regulation and it’s disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view. But you still have Mr. Bernanke, and you still have because of money printing very high corporate earnings. They are now coming down, but they are still at the elevated level. You have money printing supporting the market and on the other hand, you have an economic slowdown globally which will affect earnings negatively. It is difficult to tell where the market will go because we have so much manipulation. I think, minimum, it will drop 20%.”
On how investors should protect their assets:
“They should buy themselves a machine gun…I need to buy a tank. Joking aside, look, we have manipulated markets. Whenever you manipulate markets, you will get unintended consequences. i think the reelection is unintended consequence of money printing, that favors the so- called 0.25%. It was easy for the Democrats to attack the wealthy fat cats of Wall Street, the elite, and the privileged people to portray them as a profiteer of the system, which to some extent, they are. Not because they wanted to but because Mr. Bernanke enabled them to be profiteers. We have a situation where you have today Mr. Obama, I doubt he will stay at the presidency for another four years. I think there will be so many scandals, but that’s another story.”
On why he believes Obama won’t make it another four years as president:
On Speaker Boehner’s comments to Congress today on the fiscal cliff:
On whether he sees the U.S. in recession in 2013:
“I am surprised with the reelection of Mr. Obama. The S&P is only down like 30 points. I would have thought that the market on his reelection should be down at least 50%...I think Mr. Obama is a disaster for business and a disaster for the United States. Not that Mr. Romney would be much better, but the Republicans understand the problem of excessive debt better than Mr. Obama who basically doesn't care about piling up debt. You also have in the background Mr. Bernanke, who with artificially low interest rates enables the debt to essentially escalate endlessly.”
On where he sees the equity markets given Obama’s reelection:
“You have offsetting factors. The problem with Mr. Obama is that you get more regulation and it’s disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view. But you still have Mr. Bernanke, and you still have because of money printing very high corporate earnings. They are now coming down, but they are still at the elevated level. You have money printing supporting the market and on the other hand, you have an economic slowdown globally which will affect earnings negatively. It is difficult to tell where the market will go because we have so much manipulation. I think, minimum, it will drop 20%.”
On how investors should protect their assets:
“They should buy themselves a machine gun…I need to buy a tank. Joking aside, look, we have manipulated markets. Whenever you manipulate markets, you will get unintended consequences. i think the reelection is unintended consequence of money printing, that favors the so- called 0.25%. It was easy for the Democrats to attack the wealthy fat cats of Wall Street, the elite, and the privileged people to portray them as a profiteer of the system, which to some extent, they are. Not because they wanted to but because Mr. Bernanke enabled them to be profiteers. We have a situation where you have today Mr. Obama, I doubt he will stay at the presidency for another four years. I think there will be so many scandals, but that’s another story.”
On why he believes Obama won’t make it another four years as president:
“There is so much smoke. I suppose there is some fire. That is my observation. We don't know how the world will look in five years' time. I am pretty sure central banks will continue to print money and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase. Like Proposition 30 today in California is of course negative for the Californian economy. That is the state of the world. We have worsening economic conditions, but we have money printing.”
On Speaker Boehner’s comments to Congress today on the fiscal cliff:
“I am sure that they will solve it. They will increase cosmetically some taxes and they will cut cosmetically some spending and it will all be back loaded 10 years from now. So in reality, not much will happen. But the market tends to rally towards year-end, and i think from a low of around 1360, we could have a rally to January, but I think sometime next year will be again lower.”
On whether he sees the U.S. in recession in 2013:
“Yes, I think that if the figures were compiled properly. If nominal GDP was adjusted by a proper price deflator, we would probably already be in recession…But I would like to point out one thing about the economy. GDP is not a very relevant figure. It consists of many different sectors of the economy, so you can have some sectors that are improving like housing and others that are worsening.”
Tuesday, November 06, 2012
Georgia Voting, Milton Voting, 2012
Cast my ballot this morning. Arrived at the polling place at 6:35 and left well after an hour later. The government employees who were working the election were fairly clueless. The inefficiency and (taxpayer) time being wasted by the workers was galling.
I guess we reap what we sow. Lets hope we get change sooner rather than later but no matter which candidate is left standing after the recount and the legal challenge to the SCOTUS, Wall Street will win again. Main Street to be fleeced once more.
I guess we reap what we sow. Lets hope we get change sooner rather than later but no matter which candidate is left standing after the recount and the legal challenge to the SCOTUS, Wall Street will win again. Main Street to be fleeced once more.
Thursday, November 01, 2012
Ted Nugent Dean Parisian Reality Show
NASHVILLE, TN -
Reality television shows are among the most popular forms of entertainment on television.
Often, contestants subject themselves to all kinds of public humiliation, trials and discomfort all to win a prize. But one Nashville man said he is still waiting for his payoff more than year after he won his reality show contest hosted by rock legend Ted Nugent.
Sage Keffer is a young man with huge ambition. He is a country kid who grew up fishing and camping and always wanted to be a country music star.
So, he thought it was a perfect fit to compete on an outdoor survival show hosted by Nugent.
Keffer said his time with the CMT show Runnin' Wild…From Ted Nugent, in which contestants display survival skills, was a nightmare and in some ways totally unexpected.
"I knew it was going to be like survivor," Keffer said.
The contract Keffer signed before competing did not specify any prizes, but Keffer said the producers of the show said "don't worry about it."
"You work hard, and there is some amazing prizes that CMT is going to give you," Keffer said.
Keffer thought it was a little odd that the prizes weren't announced before the show, but then again this was Ted Nugent and previous winners each cleaned up.
"I did a little research and one of the previous seasons of a similar show with Ted Nugent was $25,000 and a new truck," Keffer said.
When Keffer arrived on location for the show, complete with a crew of 40 to 50 people, he said he had no doubt it was a big-time production.
Then, the competitions started. All of it was outdoors and all was extremely difficult on the body and the mind.
But the thought of big prizes always kept Keffer going.
"They would always say, 'there's a lot of money riding on this.' So, obviously they cared about it, because they were always telling us about these prizes," Keffer said.
When it was all over, Keffer was the big winner. All that remained was getting the prize, but even then there was only a promise.
"I said, 'what's the prize?' They said, 'well, CMT has not told us yet, but you're going to be blown away,'" Keffer said.
Then, about one year later, the show still had not aired, and Keffer's emails about the prize had gone unanswered, when one night he received a Facebook message from a fan who said they had just seen Keffer competing on CMT.
What his fans did not know was that all Keffer got for his victory was a set of bleached antlers.
"I didn't go down to Waco, TX, just to be tortured. If I want to get hypothermia, I could just go outside and run around naked," Keffer said.
According to the executive producer for CMT, no contestant prizing was ever promised on behalf of the network. Winning contestants were simply proclaimed "winners" by Ted Nugent himself.
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