NITE Justice

via: MilesFranklin
by: Andrew Hoffman
August 3, 2012

Read the Thursday Afternoon Wrap-Up for 8/2/2012 and the Friday Morning Commentary for 8/3/2012

On a day when I’ve already written for nearly four-and-a-half hours – on this morning’s commentary alone – with the prospect of an equally angry, aggressive RANT this afternoon as we conclude day two of the “three days of terror,” I’d like to stamp closureon the demise of the CRIMINALS at Knight Capital Group.

Given that I referred to it yesterday afternoon and this morning already, there’s no need to “intro” with my March 26th RANT, “GOING BATS!” – in which I reiterated my belief thatmurderous, fraudulently executed  ALGORITHMS were DESTROYING markets, as muchas government intervention.  Of course, given that Goldman Sachs (20% market share of ALL High Frequency trading) and the PPT itself are the largest market participants, it’s safe to say the majority of “algos” are either government initiated or funded.  Some – like those attacking mining shares and the ETFs GLD and SLV – are utilized solely to manipulate prices; while others were created simply to STEAL YOUR MONEY.

Continue Reading At: MilesFranklin.com

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