The collision of global markets and social mood

Monday, December 23, 2013

Santa Is Nearby

Bloomberg's headline this morning: "Hunt For Return Prompts IPO Renaissance." What a contradiction. I've been waiting for a Golden Age of IPOs headline but haven't seen one yet.

Futures are up strongly. Santa is nearby. It looks like the next Fib level is in the 1827-1833 area. 1800 should hold to the downside, or else there may be a lump of coal for Christmas.

I wish the HFT players would get a lump of coal from the SEC. I'm getting tired of hitting bids that are six or seven market makers thick and having the orders go unfilled because the bids suddenly disappear. Happened again this morning while trimming some SSO. It took over two minutes.

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