It's been a "more-of-the-same" start to the trading year. Watching paint dry might be more exciting.
I think the trend in gold has reversed and the miners should participate. We'll see. The bots trading against bots is nothing the SEC or NYSE want to address in an election year and there's too much money involved to do anything for the American public. Watching all the zombies on CNBC talk about earnings, sovereign countries, Fed policy, tax structure, fundamentals, market share, revenue growth, this was important stuff once upon a time but no longer, not with over 80% of trades being bot trades. Prices and volume are being manipulated by bots. Just fire all the humans on CNBC and flash computer code across the screen all day. The equity markets are dead. The sad reality is that our SEC has no interest in touching this problem. Let the last algo turn itself off when the ponzi is done.
Reading about the implosion of so many hedge funds is getting old. It's funny how many funds call themselves hedge funds when there isn't hedging but rather a single leveraged punt.
I have a very busy weekend ahead of me and hope you do to. Living in America we have so much to be thankful for and so many to help. I thought I would share this video so that you may share it.
Enjoy!
http://www.youtube.com/watch?v=nwAYpLVyeFU
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