Tin Foil and Black Helicopters

Please click on the link below to watch this clip from Bloomberg television.

It features Joe Saluzzi of Themis Trading talking about program trading and dare I say market manipulation.

It is well worth the few minutes of your time. FYI the NYSE is now no longer requiring firms to report their program trading as they are decommissioning the DPTR (Daily Program Trading Report) but who cares what this is when American Idol is on in 5 minutes.

Or you can just turn on Dennis Kneale and Larry Kudlow of CNBC and bet on hope.



Good speculating to you all and please don't ever, ever forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 2 units Ultrashort Real Estate ticker SRS @ $18.85 stop @ $17.84/18.94
Long 2 units Ultrashort S&P500 ticker SDS @ $54.75 stop @ $52.38/53.38
Long 1 unit Financial Bear 3x ticker FAZ @ $4.36 stop @ $4.46
Short 2 units Wells Fargo ticker WFC @ $25.10 stop @ $26.26/27.41
Short 1 unit Autozone ticker AZO @ $157.95 stop @ $158.11
Short 1 unit Blackrock ticker BLK @ $177.15 stop @ $178.51