JUST BUY BUY BUY
While many will shrug at yet another "fat finger", we thought it useful to 'know' - as opposed to 'guess' - what really drove a more-than-10% flash-crash in Symantec stock this morning. As Nanex illustrates so clearly, in less than a second, over 500,000 shares were traded in a waterfall across 13 exchanges (and who knows how many dark pools). This triggered a circuit breaker which halted the stock trading for 5 minutes and when it resumed... it had recovered all those losses. We await news of the Johnny 5s' trades being disqualified as this was simply not a fat finger. Just another day in our efficient and highly liquid stock markets...
That's all this is about...nothing what so ever to do with saving lives of the poor bastids caught in the crossfire between a dictator and religious maniacs
HE'S A SIMPLE LITTLE FELLA
CONTRACTION LIKE THE REST OF THE ROT
Youre a bigger moron than whatastooge. #$%$ do you care you've got no dog in the fight ...shut up now
AND THE PAKIS TOO....DISGUSTING PEOPLE
Who could have thought, one year ago, that we would one day see an AAPL bond prospectus for floating and fixed rate notes (due between 2016 and 2043). And yet here we are, as the preannounced AAPL bond prospectus goes live and proves what we said months ago: that some $100 billion of the company's offshore held cash is non-US recourse courtesy of repatriation taxes, forcing the company to raise even more cash to fund US-based capital decisions. Perhaps the most surprising (or least) thing is who the lead underwriter would be. No surprise anymore: Goldman Sachs.