Friday April 13 Morning Links

Natural Gas Inventory Release April 12, 2012

Natural Gas inventory level change came in at 32% of what was expected and here what the computers did.  Something to consider would be how far you are from the exchange.  By the time this information got to you, it could very well be considered a stale price that is now, a near 200ms later, all information.  Pretty scary stuff we're allowing into the deep infrastructure of our markets.  Given the lax behavior from the SEC and the well rooted corruption in American politics, this type of trading will only go away when a newer, less known form pops up.  You guys see us post things daily and Nanex is out nearly everyday showing more detailed, more shocking findings and yet Academics continue to sit around debating the issue and forcing Nanex to listen to Manoj Narang drivel regarding how great HFT is when measured using EOD prices.  I know the SEC would rather sit around and watch TV (or Bree Olson) but most of us have real shit to do and this whole dog and pony show about protecting us and legitimizing markets, etc is becoming old.  I'm tired of calling bullshit every, single day on these Phantom Regulators.

InTrade Updates - Santorum Quits, InTrade Flash Crash

Santorum is out, below are the charts while they're still available. The order is Romney, Paul, Santorum, Gingrich

Ode To The Welfare State

Click image to enlarge

Monday Morning Information - 4/9/2012

I personally favor the Gas Price Psychology link followed by Trader's Navigate a Murky New World.