"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Thursday, March 15, 2012

A Quote To Sum Up The US Release Of Nothing But Hot Air

I figure in the spirit of today's oil event, here is a fitting quote from Good Will Hunting to remind those of us who have forgotten just how the world goes:
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Posted by Paul Revere at 3/15/2012 05:52:00 PM

The USO Event On Initial Release Of The US Announcement To Utilize SPR

The computers started running at 11:25:56, spreading across NQEX, BATS, PHIL, PACF, EDGX, EDGE, BOST while firing 10K+ quotes during different sequences.  Following the chart is the initial list from HFTAlert Pro followed by highlights of the largest quotes.
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Posted by Paul Revere at 3/15/2012 04:36:00 PM

Wait Til Bots Are Pricing Gas At The Pump

With a majority of people bitching about the identifiable price of gas, imagine if this program ran at the pump.  The images below are of ProShares Ultra Financial ETF.  Imagine however, that it is the price you'd pay for a gallon of gas.  What do you think your receipt would say you paid per gallon?  The red dots are the Best Asking price. (h/t @BadAlgo)
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Posted by Paul Revere at 3/15/2012 08:25:00 AM
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