<p>I think that high frequency stuff should be banned.</p>
<p>Ok…</p>
<p>So in regards to hft, do these 1000 pt hiccups that last for too short of a duration to profit from, count as Taleb’s black swan events?</p>
<p>You mean the one flash crash…that was less than 1,000 points?</p>
<p>Yeah - whatever the amount was. The article mentioned 1000 pts. The point of the article and a point made by many others is that it can and will most likely occur again.</p>
<p>It might happen again.</p>
<p>The market was already down hundreds of points when the flash crash started.
I guess people are really freaked about the flash crash.</p>
<p>Japan and Australia off early…another hack on Cnbc is Dennis Gartman…</p>
<p>I agree - he’s pretty much wrong all the time unless he’s demonstrably buying gold in yen terms- lol</p>
<p>Dstark,i believe your buddy Whitney Tilson is coming on soon…</p>
<p>Yeah…</p>
<p>If these guys are so good…why are they on Fast Money?</p>
<p>[JCP:</a> Summary for J.C. Penney Company, Inc. Holdi- Yahoo! Finance](<a href=“Symbol Lookup from Yahoo Finance”>Symbol Lookup from Yahoo Finance)</p>
<p>Its probably time to go long. I bought spy 6/16 141 puts.</p>
<p>Long for a short term trade?</p>
<p>Tilson buying more JCP, and i think his thesis is dead wrong</p>
<p>Long until either 6/16 or until my loss limit is reached which is 2 x atr = 3.2 ie. I’ll sell if spy reaches ~137.</p>
<p>I missed Tilson on CNBC.</p>
<p>I was doing something constructive.:)</p>
<p>I don’t know what kind of access to the markets I am going to have for the next two days…</p>
<p>so I am doing nothing.</p>
<p>12,000 before 13,500</p>
<p>Markets rally when Fed notes say there are "several’ who would support QE3 ,if needed…talk about a REAL reason for market to rally…What a crock of crap…The marketbis rigged, i hope the moneynn sidelines realize this game being played, because it will end bad</p>
<p>Keep the chatter going to avoid a crash or crisis of confidence: that is one of the basic mandates of the Fed.
The problem is whether these techniques can prevent a REAL crash (again) due to HFT, overly large position changing, fundamental explosion, inter-relatedness of global markets, houses of cards, Ponzi schemes, poorly regulated high risk financial products…
I say NO.
Nothing much has changed.</p>
<p>So trading very short-term or very very long term is the only viable approach to making money in the markets these days IMO.</p>
<p>I’d prefer for the market to find its way on its own, this implicit backing is causing more problems then it is fixing…</p>
<p>We would end up a lot lower than 12,000…</p>