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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Hackers send fake market-moving AP tweet on White House explosionsQuote:Reuters data showed the tweet briefly wiped out $136.5 billion of the S&P 500 index's value before markets recovered. Some traders attributed the sharp fall and bounce-back to automatic electronic trading. Convenient for CISPA.I wonder who was shorting stocks.Hack-Attack
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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symbols wrote:Hackers send fake market-moving AP tweet on White House explosionsQuote:Reuters data showed the tweet briefly wiped out $136.5 billion of the S&P 500 index's value before markets recovered. Some traders attributed the sharp fall and bounce-back to automatic electronic trading. Convenient for CISPA.I wonder who was shorting stocks.Hack-Attack Trading the US session since the May 2010 flash crash is akin to Las Vegas... No fundies nor TA functions right in the market. 200% plus (for lack of a better measuring gauge) manipulation hotbed with HFTs fighting out the trading contests.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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hisah wrote:symbols wrote:Hackers send fake market-moving AP tweet on White House explosionsQuote:Reuters data showed the tweet briefly wiped out $136.5 billion of the S&P 500 index's value before markets recovered. Some traders attributed the sharp fall and bounce-back to automatic electronic trading. Convenient for CISPA.I wonder who was shorting stocks.Hack-Attack Trading the US session since the May 2010 flash crash is akin to Las Vegas... No fundies nor TA functions right in the market. 200% plus (for lack of a better measuring gauge) manipulation hotbed with HFTs fighting out the trading contests. When it comes to that we are in agreement about HFT.Watched a documentary about it and I was just shocked.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:I like this magazine since it has proven over 7yrs to be a reliable contrarian signal. Back towards end of Oct 2012 the cover story bid farewell to the bull run in US. A month later the opposite happened and now we see all time highs. http://online.barrons.co...articleTabs_article%3D1
Back in March 2008 the cover story encouraged guys to buy the dip after the Bear Sterns panic since professionals were buying the discount. Need I say more... This month the cover reads Dow 16000 with 74% of the surveyed money managers (professionals) bullish. Next month will definitely be interesting for contra plays... This http://www.moneynews.com...0265?PROMO_CODE=12670-1 fits better here.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:hisah wrote:I like this magazine since it has proven over 7yrs to be a reliable contrarian signal. Back towards end of Oct 2012 the cover story bid farewell to the bull run in US. A month later the opposite happened and now we see all time highs. http://online.barrons.co...articleTabs_article%3D1
Back in March 2008 the cover story encouraged guys to buy the dip after the Bear Sterns panic since professionals were buying the discount. Need I say more... This month the cover reads Dow 16000 with 74% of the surveyed money managers (professionals) bullish. Next month will definitely be interesting for contra plays... This http://www.moneynews.com...0265?PROMO_CODE=12670-1 fits better here. And off the scale insider selling since Sept 2012.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Interesting also how Apple is being raided for its cash pile post Jobs. Did I hear Hedge Funds?? 
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Intel and Johnson & Johnson.I didn't expect that.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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