Do You Get THAT Feeling? - page 81
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The "funny" part is who is "crying wolves" : one of the companies that was (and still is) most notorious for that same market rigging
"ethical drift" is a gem...Got to memorize it and include in my vocabulary...
"ethical drift" is a gem...Got to memorize it and include in my vocabulary...
Such a catchy phrase
Makes me wonder : how much did they pay the PR agency that invented it in order to start with a "clean picture" of Barclays?
Such a catchy phrase Makes me wonder : how much did they pay the PR agency that invented it in order to start with a "clean picture" of Barclays?
or may be they are on drugs...LSD can do it to brains...invent words and catch phrases that aren't there....
Such a catchy phrase Makes me wonder : how much did they pay the PR agency that invented it in order to start with a "clean picture" of Barclays?
Yes, you have to love their "use of English". Corrupt to the core!!
Remember this (tip of the iceberg):
November 12, 2014
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) issued five Orders filing and settling charges againstCitibank N.A. (Citibank), HSBC Bank plc (HSBC), JPMorgan Chase Bank N.A. (JPMorgan), The Royal Bank of Scotland plc (RBS) and UBS AG (UBS) (collectively, the Banks) for attempted manipulation of, and for aiding and abetting other banks’ attempts to manipulate, global foreign exchange (FX) benchmark rates to benefit the positions of certain traders.
The Orders collectively impose over $1.4 billion in civil monetary penalties, specifically: $310 million each for Citibank and JPMorgan, $290 million each for RBS and UBS, and $275 million for HSBC.
etc... etc...
critical days for Dow Jones...how can it be?
15666.44
critical days for Dow Jones...how can it be? 15666.44
Somebody was showing what can they do (and still is showing it)
Somebody was showing what can they do (and still is showing it)
must be "Lucy in the Sky with Diamonds"
movie coming out..."Apocalypse Dow"
this might not be true... US Banking Giant Citigroup Moves Massive Gold Reserves To Russia
JPM Head Quant Warns Second Market Crash May Be Imminent: Violent Selling Could Return On Thursday
Last Friday, when the market was down only 2%, we presented readers with a note which promptly became the most read piece across Wall Street trading desks, which was written by JPM's head quant Marko Kolanovic, who correctly calculated the option gamma hedging imbalance into the close, and just as correctly predicted the closing dump on Friday which according to many catalyzed Monday's "limit down" open.
Recall:
We bring it up because Kolanovic is out with another note, one which may be even more unpleasant for bulls who, looking at nothing but price action, were convinced that after the biggest two day market jump in history, the worst is behind us.
In the just released note, the head JPM quant warns that a large pool of assets controlled by price-insensitive managers including derivatives hedgers, Trend Following strategies (CTAs), Risk Parity portfolios and Volatility Managed strategies, which is programmatically trading equities regardless of underlying fundamentals, is about to start selling equities, "and will negatively affect market in coming days and weeks." For good measure, he casually tosses the word "crash" in the note as well.
By way of reference, JPM notes that a good example of how price-insensitive sellers can cause market a disruption/crash is the price action on the US Monday open. It says that technical selling related to various hedging programs, in an environment of low (pre-market) liquidity indeed caused a ‘flash crash’ on Monday’s open. S&P 500 futures hit a 5% limit down preopen, and then a 7% limit low at 9:31 and 9:33. The inability of hedgers to short futures spilled over into large cap stocks that were still trading and could be used as a proxy hedge. Had it not been for the futures limit down event, the selloff would likely have been worse as indicated by the price of the index implied by individual stocks. The figure below shows the S&P 500 futures, SPY ETF and S&P 500 replicated from the largest stocks that were trading near the market open.
read more
Dimon doing his number again. I wonder if anybody except his daughter believes that man now