Jul
5
2009
Jul
5
2009
More Front-Running: Where Are The Cops? – The Market Ticker
That’s last night.
Over 12,000 contracts traded in two five-minute periods, over 10,000 right up on the time of that spike.
There was no news of any sort related to the US markets on the wire last night. Zero. None. I and many others were wondering what the heck caused that.
This morning, the buying began in earnest at 8:30 Central, and then again at 10:00 Eastern – one hour in front of the “announcement”, again on heavy volume.
Where is the SEC?
Where is the SEC’s demand for trading records on these contracts, particularly the ones last night on Globex?
That was a highly unusual trading pattern that strongly suggested that someone knew something and acted on it front of a news release.
Well, now we have the news release. It sure wasn’t the (bad) unemployment or (neutral) GDP numbers.
So what’s left?
Yeah.
Evidence of some front running on Fed data? You be the judge!
Jul
5
2009
Who will be the new “Market Wizards” or links on “Street Stories”?
I am always fascinated by the stories about or means which historically relevant traders have become so. Many traders and others interested in trading I’ve talked with have read about folks like Paul Tudor Jones, Bruce Covner and basically anyone highlighted in Jack Schwager’s series of Market Wizards books.
I have seen some recent lists and highlights of a newer generation of trading ilk…young guns if you will, which begs the question of whom, if any of these will emerge as our generations Market Wizards?
Food for thought (randomly pulled interweb links of some high return traders…nothing implied)
Trader Monthly’s Top 100 for 2007 Unveiled
Merrit Graves, Undergrad HF runner (FD – links to a post I linked from Institutional Inv. article)
Jul
5
2009
BBC NEWS | Science & Environment | Honeybee mobs overpower hornets
Honeybee hordes use two weapons – heat and carbon dioxide – to kill their natural enemies, giant hornets.
Japanese honeybees form “bee balls” – mobbing and smothering the predators.
This has previously been referred to as “heat-balling”, but a study has now shown that carbon dioxide also plays a role in its lethal effectiveness.
In the journal Naturwissenschaften, the scientists describe how hornets are killed within 10 minutes when they are trapped inside a ball of bees.
via news.bbc.co.uk
Are there analogies for human behavior or interactions here?
Jul
5
2009
The Saga Of The Bearer Bonds – The Market Ticker
Are we willing to assume that all the “issue” of Treasury bonds has been done “above board” as required by law. If Treasury has been surreptitiously issuing bonds to, say, Japan, as a means of financing deficits that someone didn’t want reported over the last, oh, say 10 or 20 years, then the following is about to occur: