By MICHAEL GRAY
Over 10,000 hits on this blog. Guess I hit a nerve. Interesting how Silver is trading today against Gold.
Since JPMorgan’s trade tickets are being pulled for past sins, perhaps JPM is taking a second look at its future short trading to have a better chance of settlement or the silver traders have become empowered by the 800-lbs. gorilla being hamstrung for a little while.
THURSDAY’S POWER PLUNGE
As the Nasdaq and NYSE chiefs point fingers at each other over who is at fault for the 15-minute cratering of the markets last Thursday.
Yet no one is talking about the initial event that started the whole cascade. It was not a “fat finger” or a trade that was mistyped.
I am investigating a cyber attack on a electronic trading platform on P&G that was the initial event.
Now of course to get an official comment on this is nearly impossible from Dept. of Homeland Security or the SEC, but that will be what I will try to do.
More to come.
For more on Wall and Washington and the economy see: http://mgray12.wordpress.com