Stacy Summary: Fat finger my ass is the best assessment I have read (on several comment threads). And, as Max Keiser is saying, “May 6th was the first domestic financial terrorist attack in America. A day that will live in infamy!!!
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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
- King World News
- Mish
- Karl Denninger – Market Ticker
- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
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Most recent: 
Chicago via?
did someone crack the Goldman code and push it?
The double standards are there, no doubt, but I’m not sure this is about Goldman vs retail, for example.
I think there are only two fair ways to deal with it – 1. all trades stand. I think this is correct, because no existing rules were broken (as far as I know). 2. Unwind every trade during a certain time period, e.g. 2: 45 to 2:50 or something like that. Actually, the more I think about it, the more indefensible even that is.
Double standards
@Adam Gibson
I was being sarcastic. It’s alright for companies like Goldman to cheat but if the small time plebs do it it’s cheating.
zaphodity, I don’t get your point. It would be cheating to get Accenture stock at 1 cent when seconds ago it was worth $40 (OK), but it’s not cheating to get it at $17? What do you mean?
If Gary Mckinnon can hack into The Pentagon, NASA, N.S.A. F.B.I. with a 56k fax/dailup modem why can’t somebody hack Goldman ?
Fat finger my ass is the best assessment I have read (on several comment threads)
LOL That sounds kinda rude
FX markets moved FIRST. Appreciably earlier, i.e. in human time. Particularly the yen. Mish’s blog links to a chart which shows it clearly (I caught it on reddit too).
Did anyone see how the debt markets were moving?
All this talk of fat fingers is just to hide the appalling reality of the huge liquidity air pocket which was very, very real as far as I can tell (OK exacerbated by the NYSE rules but all the same). I just can’t get over how people who made the trade of the century, buying ACN at 1 cent, got busted, but those who bought it at $17 and it was trading at $40 literally 10 minutes later, they’re fine and dandy!
Because that would be…”cheating”
“We will gladly work with any Attorney General to provide them all the critical data and questions they need to build a criminal case, or in the DOJ’s case, an anti-trust case.”
If said attorney wishes to keep his career, said attorney will keep his mouth shut.
FX markets moved FIRST. Appreciably earlier, i.e. in human time. Particularly the yen. Mish’s blog links to a chart which shows it clearly (I caught it on reddit too).
Did anyone see how the debt markets were moving?
All this talk of fat fingers is just to hide the appalling reality of the huge liquidity air pocket which was very, very real as far as I can tell (OK exacerbated by the NYSE rules but all the same). I just can’t get over how people who made the trade of the century, buying ACN at 1 cent, got busted, but those who bought it at $17 and it was trading at $40 literally 10 minutes later, they’re fine and dandy!
Lol Stacy’s using bad werds now
How can fat fingers cause the ‘circuit breakers’ to fail?
6th!
@Mike – Interesting. Temporary PM in Clegg. Labour leadership contest would take a while resulting in unelected Labour PM. Meanwhile Tories go mental. What a shambles. Love it.
If you have dollars lying around you can get your hands on a lot of stock easily by setting up your algorithms correctly and then pulling the rug from under the market..
So sad all this never adresses any real issues in society..So used to thespectacle in the arena we don’t notice the city is burning..
Zero Hedge begging for the SEC to do something right for a change doesn’t get the nature of dominance..Dominance never relents. It can’t cause it does not assume it knows its own vulnerabilities.
And, as Max Keiser is saying, “May 6th was the first domestic financial terrorist attack in America. A day that will live in infamy!!!
Looking forward to the analysis this week on this matter.
Cheers
Still no deal in Blighty…….i suspect the REAL disscuion is between Labour & Libs & how to get rid og Brown.
Mike
The only liquidity Goldman Sachs provides is a golden shower to any humans making trades in the markets.
Ohhhh, fat finger my ass, I get the joke now. That’s clever, it went right over my head when I read it on the ZH thread.
1st…