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Posted in FINANCE, KNIGHT CAPITAL GROUP, MARKET TECHNICAL GLITCH, STOCKS with tags on 01/08/2012 by carltonpryor

UPDATE:::: 11h 00m HST:::: Some of the stocks being affected above their daily volume in the first 90 minutes: Rite Aid [RAD], Exelon [EXC], GM [GM], Armour Residential REIT [ARR], Lithia Motors [LAD], Nokia [NOK], China Cord Blood [CO].
I generally start my mid morning with a second cup of tea and a check of the NYSE heatmap one half hour after the open of the market. Immediately I saw something was wrong as I set my heatmap to show volume. I was attracted to Knight Capital Group [KCG] and their nearly 10% drop in value on nearly three times the daily average volume. Bloomberg is reporting that KCG spokeswoman says they are looking into an algorithm based explanation for their precipitous drop in value. there are other odd signs such as a few dozen stocks trading abnormally higher in the NYSE as well. There is a whisper that KCG made a large number of buy orders vice bid orders that hit the market seconds after the open and the system may have “choked” on the algorithm.

One stock to watch that is volume trending like KCG is Molycorp [MCP] which is down 2.75% on volume nearly double the daily average in one hour’s trading. More to come on this as the market finds its footing.

Qu’ul cuda praedex nihil!

Carlton Pryor, D.S.V.E., O.Q.H.[Econ.].
Lead Economist
84 Shatter 2 AS


Posted in U.S. ECONOMY with tags , , , , on 06/07/2012 by carltonpryor

Mark Noonan, who has returned to Blogs4Victory recently, I am convinced after these many years of reading his posts, knows absolutely nothing of economics. It is my assumption that his wife must balance the books otherwise they would be deep in poverty giving away most of their money as his archaic religion demands. But all sarcasm aside, there’s very little one can reply to a person like Mr Noonan, who of course has no economic recovery plan of his own, who places these sorts of conditions on liberal commentary:

“If you haven’t got a rock-solid answer and a means of demonstrating how that rock-solid answer will turn this around, then a vote for Obama is a mere vote of hatred…a vote you will give him not because you really think him wise or strong but simply because you hate Republicans so much that you’d rather suffer Obama than have a Republican in office.”

I do have a rock solid answer and it is more economic stimulus to working people and the unemployed. My goal would be to heat up the pot to a rolling simmer by injecting $3 trillion in stimulus to every working person in the country. [This works out to just over $20,000 to each person in the US working or on unemployment over the age of 16 in the nation.] That money would pay down debt, be invested into small business to buy vehicles and equipment, and the remains would clear many of the shelves in American stores. That would place pressure on those sitting on the sidelines who have the power to hire and start new projects. This solution would create about a 4% rate of inflation but TED-OG estimates it would also create, by conservative estimates, 6.25 million jobs over the next four years.

Mark Noonan would not like this plan and many of the pseudoeconomists at B4V would not like it either because it is quite similar to what Nobel Prize winning economist Paul Krugman has suggested. Clearly, the conservative path of shovelling money to the top 1% has failed, as President Obama pointed out this morning. The time to give away America’s economic future is at an end. The only means by which to fix the current problems and to create an America where young people will have a chance to retire at a level at least equal to their parents is to relect the President and bring in Liberal members to the House to give the Democrats a majority. Otherwise America with a GOP House and Mitt Romney in the White House will have 4 years of unemploymment averaging 10.5% along with the spectre of inflation toward the last quarter of 2015.

Carlton Pryor, D.S.V.E., O.Q.H.[Econ.].
Lead Economist
62 Shatter 2 AS

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