Tuesday, May 11, 2010
ANOTHER FINE DAY AT THE BUCKET SHOP
Four 2Big2Fail Banks have announced perfect (lossless trading days) trading quarters. The odds of this happening in an unrigged market are equivalent to four baseball pitchers pitching perfect (27 up 27 down) games on the same night. But the markets are one big "bucket shop." Today's bucket shops are run with complex trading algorithms that allow the banks to frontrun captive customer order flows by means of computer enabled parasitic "market making." 99.9% of what happens in today's stock market has nothing to do with fundamentals and everything to do with making sure the house gets its "vig-orish."
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When does RICO get involved?
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