"THE MARKET... consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Alexander Elder


Tuesday, January 19, 2010

Sunday, January 17, 2010

Rigged Rally


"...the same "market participant" was both
the buyer AND THE SELLER.
"

see: Seeking Alpha

Monday, January 11, 2010

Tell the Truth and Go to Jail


The disgraceful treatment of UBS whistleblower.
see: WTF?
see: Interview, part 1
see: Interview, part 2
see: Impact

Wednesday, January 6, 2010

Plunge Protection Team?


"We cannot identify the source of the new money..."
see: Recovery Magic
see: Fake Rally Follies
see: The Daily Bell

Friday, January 1, 2010

Dollar Upside


see: Prechter

Monk of the Month


Your comments,
tips and prognostications.

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What is a Bucket Shop?

"Bucket Shop is a specifically defined term under the criminal law of many states in the United States which make it a crime to operate a bucket shop. [2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market."
see: Wikipedia

The SEC believes that "internalization" is somehow different, and this affects ALL of your online trading, no matter what you are trading. Trades that are executed outside of the exchange, never reaching the main market, effectively hide data from technical analysis, and skew pricing.
see: Not a bucket?


"... internalization hurts retail customers and market quality"

see: EconPapers

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