The Wave

Everybody knows that retail and institutional investors are usually late to a trade.  When they decide to buy, the wise guys are distributing or selling their shares to them and locking in their gains.  When they sell, the wise guys …

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Lunchtime at the Trading Desk

by LV Several Wall Street investment bank traders munched on their lunch, which was hand-delivered from Delmonico’s directly to their desks.  The topic of discussion du jour was the SEC/CFTC’s report concerning the May 6th flash crash.  Their mood was …

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