links for 2010-10-02
-
CFTC-SEC: "This large fundamental trader chose to execute this sell program via an automated execution algorithm ("Sell Algorithm") that was programmed to feed orders into the June 2010 E-Mini market to target an execution rate set to 9% of the trading volume calculated over the previous minute, but without regard to price or time. The execution of this sell program resulted in the largest net change in daily position of any trader in the E-Mini since the beginning of the year... executed the sell program extremely rapidly in just 20 minutes.... The combined selling pressure from the Sell Algorithm, HTFs [high frequency traders] and other traders drove the price of the E-Mini down approximately 3% in just four minutes from the beginning of 2:41 p.m. through the end of 2:44 p.m.... The Sell Algorithm used by the large trader responded to the increased volume by increasing the rate at which it was feeding the orders into the market..."
-
JM: "Okay. I couldn't stand it any longer. When I saw the quote today from a New York Times spokesperson about Judy Miller, I blew coffee through my nose. "Judy is an intrepid, principled, and Pulitzer Prize-winning journalist who has provided our readers with thorough and comprehensive reporting throughout her career." I am submitting the lengthy piece below to prove precisely otherwise. I don't care how many awards Judy Miller has, she is a miserable failure who has irreparably harmed her country with bad journalism and by allowing her own personal beliefs to infect her reportage. Below is but one example. This is an edited excerpt from a book I wrote, which no one ever read, called "Bush's War for Re-election." And I am not trying to sell a damn book. I don't care if anyone ever buys it. But I do want people to know what this woman did.
-
GG: I actually can't believe that there is even a "debate" over whether an American President -- without a shred of due process or oversight -- has the power to compile hit lists of American citizens whom he orders the CIA to kill far away from any battlefield. The notion that the President has such an unconstrained, unchecked power is such a blatant distortion of everything our political system is supposed to be -- such a pure embodiment of the very definition of tyrannical power -- that, no matter how many times I see it, it's still hard for me to believe there are people willing to expressly defend it.
-
links for 2010-10-01 - Fringe Thoughts - @delong That globalrichlist.com... http://bit.ly/ariulw – r3publican (r3publican) http://twitter.com/r3publican/status/26145215653
-
Delong- links for 2010-10-01: Fringe Thoughts - @delong That globalrichlist.com t... http://bit.ly/bxwNFY – N A (LuxoNews) http://twitter.com/LuxoNews/status/26144875379
