Blah blah blah. CNBC and the news media failed to produce enough hype to bring retail investors back to the market. In a dud release, the common equity of the most basic and pathetic American business wound up requiring the support of the underwriters who stood to lose money as the high frequency traders played around the $38 IPO price. The average Joe is still avoiding the market and HFT are still behaving in ways we have reported, manipulative and damaging.
If information is viewed in the same way we view food, the production, preparation, and consumption of information changes. JR Rangaswami approaches information as a consumption issue, not a production issue. We need to check our information for "fact percentages" and maintain a healthy diet of factual information. Something the government already regulates and look how unhealthy the information diet is of middle American, low brow families.
The CME Metals Inventory is an area not very well known to many, many people in finance. Just over a year ago I was informed of but never posted on, JPM's clearance (the Scribd document may have that doubling-effect to it so download the PDF for the legible version) to be a Licensed Depositor. On March 15, 2011 at 10:17, the CTFC received a confidential email I got my hands on. I uploaded it and linked to it in The Silver Corner. On the 15th the CTFC acknowledged the "application":
Coming to a 99%er near you, an algorithm from some unknown entity writes the news, then disseminates it to clients which in turn are front run by the algorithms on the servers co-located at the For-Profit exchanges. Next up, algo created music based off of sentiment discovered daily through algo induced twitter searches and posts. Pretty soon, teachers will be algo's, judges will be algo's, and I'd say kids would be algo's but I think Ritalin all ready achieved that robot state. Seriously though, now the journalists might see the threat automation can play and they may have a clear understanding how algo written news can be damaging. Perhaps the journalists will have a better understand now of where us financial guys are coming from.