Wall Street Ethics

The Guardian has put a great write up on on man's view (corroborated by other documents such as Den of Thieves, The Joris Luyenidijk Bankers Blog, any of the recent blatant scandals we've heard about from the core of the financial industry, and more) regarding long ingrained corruption on the street. 

The Dow Farce

The intelligence of the "market"

Pacific Rim Treaty and The Trans-Pacific Partnership

Hey guys.  As most of you know from my comments on Calibrated Confidence Corner on BTFDtv.com and Special Reserve 200 Proof on UStream, I have been detouring away from Index exposure and have been seeking individual firm exposure.  Philip Morris may provide that opportunity now.  

Monday 11/11/2013 Review

Alright guys, it's Monday and we have a closed bond market.  Let's keep it short and sweet.  

My Response To Noahpinon's "A Healthy Side Effect Of HFT?"

Before someone gets hurt accepting the absolute horseshit commentary in Noahpinions recent post about the "healthy side-effects of HFT", I am compelled to respond with accurate insight as one of the 1% (he cites) that trades successfully.  He highlights day-trading and stabs at Zero Hedge which appears to have undertones of an individual who can't trade and it is apparent why when you see the ankle deep depth of his research into HFT. 

#WallStreetCode

Back when Money and Speed came out, I did what I could to give it attention.  I gave VPRO some love on my contributions over at Zero Hedge and doing so opened Marije Meerman to my efforts along side Themis, Nanex, Haim, David, Dennis Dick, and Better Markets resulting in her following me on Twitter.  Over the summer Sang Lucci connected with me on Twitter.  As Marije finished the project she was working on, we teamed up and got the ball rolling on what is now VPRO's newest documentary: Wall Street Code.

Calibrated Confidence Corner on BTFDtv.com

Join us at BTFDtv.com

Cramer Is A Hack And Our Exchanges Are Under Attack

Rant About Stupidity And Shitty Insight

My oil short play came a little early, I closed my USO Sept 2013 37 Put position at $0.71 from my entry price of $0.55 on Friday.  I didn't expect the bullish-chop afternoon run to end, I figured it would go up for another day or two.  Again, we all now know that this market has had its momentum based in the FED's direct involvement.  I'm sick of these loser nobodies who don't actually trade trying to tell everyone what is moving this market.  Lets be blunt, Joe Weisenthal is a fucking idiot, we've hammered the table calling him out for being a shell nobody with no skill (reading a lot is easy when you throw comprehension to the wind) and all he is good for is filling in the empty space in the CNBC, Josh Brown, Jim Cramer circle jerk.  All these groups do is sit around and pat each other on the back in celebration of another group beat-off session.  I won't get started on Hedgeye, the forgiven Connecticut state loan they got, and their horseshit CGI TV studio.  

My Guest Appearance on Jack Barnes' Macro Tourist Hour

Jack Barnes is an individual who came to me by way of Bob Lehman aka @IUUBob from DYDD.org.  I've listened to and read their banter and then I began conversing with Jack.  Upon realizing that I would enjoy a roundtable with these two plus a few others, I offered up time as a guest if they ever needed someone.  Not they are short of guests but they were quick to get me on.  If I can handle the live feed butterflies, there is a strong possibility I will be hosting a trader based podcast/videocast for those lull's in the day.  I don't have a structure yet but when I do, you'll hear about it.

Chart Dump

I'm going through some charts in preparation for a guest appearance Sunday night at 7:00 PM New York time with the Macro Contrarian over at DYDD.org/TV.  In doing so I came across some charts I want to share with you.  I figure you are all professionals and these need no explaining.  These are in no particular order  Cheers!

More Under The Carpet Regarding The Soros GLD Sh*t

So what if Soros sold his position in GLD?  There is a serious problem with tabloid websites and people who need the promotion of CNBC appearances pretending they know what they are saying without doing one ounce of extra work.  To my point, these people are wrong about the market entirely.  It is FED induced, we are at very fragile and risky point now, and our economy isn't robust when you consider the critical role a robust financial market plays in allocating capital which drives a robust economy through genuine wealth creation.

SEC Is Inept

Obama and Franklin

Immortal Technique said it best:

Tell em the truth and they call you a traitor, talk to em honestly and they call you a hater.

Enemy Of The State

Fitting time for this...

News Of The Future

December 31st, 2013 is a long ways away so here's a look at the future headlines courtesy of @Not_Jim_Cramer

GOOG Faceplant

Google Face plant:

The Collapse Of Index Price Representing Fundamental Activity

The world's hubris continues to march on.  Mathematics continue to skew the true representation of the metrics being measured (ie U/E down as Participation Rate drops) and this is captured beautifully in the chart below.  Articles being pumped out by sites seeking revenue through click-bait are driving this internet reading, algo-driven, and fragmented market (we are now in the 2nd Degree of Fragmentation).  Getting a read on real price is a pain in the ass and just like in 2007/2008 once someone figures out the real value (which is closer to a S&P Index value of 1450) prices will collapse faster than the MBS value Lehman had on their B/S.  

Happy Birthday Federal Reserve

We are in the FEDs centennial year. It's no secret that finance is all a game of hide the debt.  Each year, we have a mass of indebted business students released into the working world with only the knowledge that has been beaten into their heads revolving around the discoveries of some other, perhaps smarter, people.

Bob Greifeld, Nasdaq Moron Still 9 Months After Roger McNamee States They "Are Not Good Guys"

Nasdaq CEO Bob Greifeld, the brilliantly idiotic fool.  This jabroni apparently didn't take Financial Modeling or Accounting base level courses in high school or college for that matter.  What an embarrassing individual.  For a man with his earnings, he sure is a cretin of the muttonhead genus in the ignoramus species.

Reminder that Roger McNamee doesn't think NASDAQ are good guys.  We ought to negate everything this empty suit says going forward....