Silver as an investment

Category Archives: Citadel

Expect Desperate, Insane Behavior From Government In 2018 – Part 2

Authored by Mike Krieger via Liberty Blitzkrieg blog, The financial crisis of 2008/09 was the most significant event to happen in my lifetime. That event, coupled with the deeply unethical and corrupt response to it, led to a direct delegitimization of governments and institutions worldwide. It’s precisely this self-inflicted destruction of credibility which opened up […]

Photos Of Aleppo Rising: Swimsuits, Concerts And Rebuilding In First Jihadi-Free Summer

When taxi and bus drivers take journalists into Syria via the Beirut-Damascus Highway these days, there’s a common greeting that has become a kind of local tradition as the drivers pull into their Damascus area destinations. They confidently tell their passengers: “welcome to the real Syria.” Local Syrians living in government areas are all too aware of […]

Stocks Tumble: Fed Spooks Traders With Bubble Warning

Was today the Yellen Fed’s Irrational Exuberance moment? It started off so well: the blistering ADP payrolls report, the highest in over two years (despite disappointing PMI and ISM reports), sent stocks soaring off the bat with the Dow jumping nearly 200 points higher, rising as high as 20,887, and the S&P knocking on the […]

Prominent Hedge Fund Trader Jumps To His Death In Manhattan

A prominent 47-year-old hedge fund trader was killed when he jumped from a luxury apartment building on Manhattan’s Upper West Side, in an apparent suicide, authorities told the NY Post. Kevin Bell, most recently head of Credit Risk at Arrowgrass Capital, jumped from a ninth-floor kitchen window at the Apthorp building on West End Avenue […]

Islamic State Recaptures Palmyra After Blitz Onslaught Leaves Russia With No Options

Just as the Assad regime (with Russian support) is about to retake Aleppo in a critical offensive, one which would shift the momentum of the nearly 6-year-long Syrian proxy war entirely to the benefit of the country’s ruling regime, something unexpected happened: one day after the US announced it would send another 200 ground troops […]

HFT Legend Exits The Business: “It’s Harder To Make Money”

To those who have followed the rise and fall of the HFT industry, and certainly the far more dramatic rise and fall of one former Goldman trader and programmer, Sergey Aleynikov, the names Misha Malyshev and Teza Technologies are very familiar. Malyshev founded Teza – named for a river in his native Russia – in […]

Biggest US Discount Brokerage TD Ameritrade Buys Scottrade For $4 Billion

The previously noted surge in Monday merger announcements, which seek to take advantage of still cheap credit before yields rise, got its latest entrant moments ago when discount brokerage TD Ameritrade agreed to acquire peer Scottrade in a $4 billion cash and stock transaction. Per the press release, “The transaction combines two highly complementary organizations […]

ALERT: Markets to implode, only FX will be left

Warning to investors – traditional markets are flawed.  In one of many hypothetical futures, not so far in the future, FX may be the only game in town.  As we explain in Splitting Pennies – Understanding Forex – it’s FX that drives the world, not stocks, bonds, commodities, or real estate.  Let’s take a quick […]

JPMorgan Joins Yellen and Summers In Hinting The Fed May Buy Stocks Next

During her latest testimony in Congress, when asked by rep Mick Mulvaney if the Fed has considered buying equities, Janet Yellen had a cryptic, yet open to interpretation answer: “the Federal Reserve is not permitted to purchase equities. We can only purchase U.S. treasuries and agency securities. I did mention in a speech in Jackson […]

The SEC’s Former Top “HFT Expert” Joins HFT Titan Citadel

Last April, we commented on the most blatant (pre) revolving door we had ever seen at the SEC (and there have been many): the departure of the SEC’s head HFT investigator, Gregg Berman, who during his tenure at the agency (whose alleged purpose is to keep the “market” fair, efficient and unmanipulated) did everything in […]